Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Allegion plc (NYSE:ALLE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 88,772 shares of the scientific and technical instruments company's stock, valued at approximately $11,601,000. Connor Clark & Lunn Investment Management Ltd. owned 0.10% of Allegion as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of ALLE. TD Private Client Wealth LLC raised its position in Allegion by 0.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock worth $2,871,000 after buying an additional 77 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Allegion by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock worth $425,000 after purchasing an additional 82 shares during the last quarter. Heritage Family Offices LLP lifted its position in Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock valued at $346,000 after purchasing an additional 82 shares during the period. IFP Advisors Inc boosted its holdings in Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after purchasing an additional 85 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in Allegion by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock worth $516,000 after purchasing an additional 96 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Allegion Price Performance
Allegion stock traded up $0.83 during trading on Wednesday, reaching $128.81. The company had a trading volume of 1,254,851 shares, compared to its average volume of 716,534. The firm has a market capitalization of $11.12 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The firm's 50-day simple moving average is $129.66 and its 200 day simple moving average is $136.66. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, equities research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.58%. This is a boost from Allegion's previous quarterly dividend of $0.48. Allegion's dividend payout ratio is presently 29.91%.
Insider Activity
In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock worth $406,636 over the last quarter. 0.33% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on ALLE shares. Robert W. Baird lowered their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, Barclays cut their price objective on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Allegion presently has a consensus rating of "Hold" and a consensus price target of $138.33.
View Our Latest Stock Report on Allegion
About Allegion
(
Free Report)
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.
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