Swiss National Bank trimmed its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,200 shares of the scientific and technical instruments company's stock after selling 12,900 shares during the quarter. Swiss National Bank owned 0.28% of Allegion worth $32,173,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in 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 worth $2,871,000 after acquiring an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its holdings in Allegion by 2.9% in the 3rd 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 period. 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 in the last quarter. IFP Advisors Inc grew its holdings in Allegion by 23.2% during 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 period. Finally, Captrust Financial Advisors increased its position in 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 buying an additional 96 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Allegion Stock Down 0.4 %
Shares of NYSE ALLE traded down $0.55 during midday trading on Friday, reaching $127.17. 2,502,927 shares of the company's stock traded hands, compared to its average volume of 724,542. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The stock's 50 day simple moving average is $129.66 and its 200-day simple moving average is $136.54.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. On average, analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued 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 dividend yield of 1.60%. The ex-dividend date is Friday, March 14th. Allegion's dividend payout ratio (DPR) is currently 29.91%.
Insider Transactions at Allegion
In other Allegion news, 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 directly owns 4,972 shares in the company, valued at approximately $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. The trade was a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 in the last 90 days. Insiders own 0.33% of the company's stock.
Wall Street Analysts Forecast Growth
ALLE has been the subject of a number of analyst reports. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird reduced their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley upped 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. Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, Barclays decreased their price target on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. 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, the company currently has an average rating of "Hold" and an average target price of $138.33.
Check Out Our Latest Research Report on ALLE
Allegion 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.
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