JPMorgan Chase & Co. cut its position in Allegion plc (NYSE:ALLE - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,875 shares of the scientific and technical instruments company's stock after selling 94,645 shares during the period. JPMorgan Chase & Co. owned 0.81% of Allegion worth $92,374,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALLE. TD Private Client Wealth LLC lifted its stake in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock valued at $2,871,000 after buying an additional 77 shares in the last quarter. Douglass Winthrop Advisors LLC lifted its position in Allegion by 0.4% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after acquiring an additional 80 shares in the last quarter. Heritage Family Offices LLP boosted its stake in Allegion by 3.2% during the 4th 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 last quarter. IFP Advisors Inc increased its holdings in Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 85 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in shares of Allegion by 2.8% in the third 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 last quarter. 92.21% of the stock is owned by institutional investors.
Allegion Stock Performance
ALLE stock traded down $2.59 during mid-day trading on Tuesday, hitting $118.19. The company had a trading volume of 1,543,192 shares, compared to its average volume of 801,490. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The firm has a market cap of $10.20 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The stock's fifty day moving average price is $128.27 and its two-hundred day moving average price is $135.34.
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 EPS for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. On average, analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.51 dividend. This is a boost from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Friday, March 14th. Allegion's payout ratio is currently 29.91%.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ALLE. Barclays cut their target price on Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 26th. Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Robert W. Baird reduced their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $137.67.
Read Our Latest Stock Analysis on Allegion
Insider Buying and Selling at Allegion
In other news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Gregg C. Sengstack purchased 8,000 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were bought at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 over the last three months. 0.33% of the stock is currently owned by insiders.
Allegion Company Profile
(
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.
Featured Articles
Before you consider Allegion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegion wasn't on the list.
While Allegion currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
