Distillate Capital Partners LLC increased its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 111,006 shares of the scientific and technical instruments company's stock after buying an additional 7,375 shares during the quarter. Distillate Capital Partners LLC owned 0.13% of Allegion worth $14,506,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of ALLE. Captrust Financial Advisors lifted its holdings in shares of Allegion by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock valued at $516,000 after acquiring an additional 96 shares during the period. Quantinno Capital Management LP lifted its holdings in Allegion by 48.9% during the 3rd quarter. Quantinno Capital Management LP now owns 9,317 shares of the scientific and technical instruments company's stock valued at $1,358,000 after purchasing an additional 3,061 shares during the last quarter. MML Investors Services LLC boosted its position in Allegion by 25.5% in the third quarter. MML Investors Services LLC now owns 35,417 shares of the scientific and technical instruments company's stock valued at $5,162,000 after buying an additional 7,192 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Allegion by 11.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 26,411 shares of the scientific and technical instruments company's stock worth $3,849,000 after buying an additional 2,626 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Allegion during the third quarter worth approximately $4,988,000. Institutional investors and hedge funds own 92.21% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on ALLE shares. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley increased their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company cut their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Robert W. Baird decreased their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $137.67.
Get Our Latest Stock Analysis on ALLE
Insider Buying and Selling
In other Allegion news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock valued at $406,636 in the last 90 days. 0.33% of the stock is owned by insiders.
Allegion Trading Up 0.5 %
Shares of NYSE ALLE traded up $0.67 during mid-day trading on Tuesday, hitting $126.96. The company's stock had a trading volume of 753,390 shares, compared to its average volume of 813,613. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company's fifty day simple moving average is $127.62 and its 200-day simple moving average is $134.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.
Allegion (NYSE:ALLE - Get Free Report) last announced 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 analysts' consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million for the quarter, compared to analysts' expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, sell-side analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.61%. Allegion's dividend payout ratio is 29.91%.
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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