Stifel Financial Corp Sells 6,223 Shares of Allegion plc (NYSE:ALLE)

Stifel Financial Corp cut its stake in Allegion plc (NYSE:ALLE - Free Report) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,470 shares of the scientific and technical instruments company's stock after selling 6,223 shares during the quarter. Stifel Financial Corp owned about 0.15% of Allegion worth $16,527,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC increased its holdings in shares of 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 during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock worth $346,000 after acquiring an additional 82 shares during the period. Waterloo Capital L.P. boosted its stake in Allegion by 1.2% during the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after purchasing an additional 83 shares in the last quarter. IFP Advisors Inc lifted its holdings in Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after acquiring an additional 85 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Up 0.7 %

NYSE:ALLE traded up $0.97 on Tuesday, hitting $138.23. 968,122 shares of the stock were exchanged, compared to its average volume of 831,427. The company's 50-day moving average price is $127.48 and its 200 day moving average price is $133.54. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 20.27, a P/E/G ratio of 3.97 and a beta of 1.01. 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 (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, equities research analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.48%. Allegion's payout ratio is 28.65%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Robert W. Baird increased their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Wells Fargo & Company lowered 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. Finally, Barclays boosted their price target on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $140.40.

Insiders Place Their Bets

In other Allegion news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares of the company's stock, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,224 shares of company stock worth $406,636 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

About Allegion

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.