River Wealth Advisors LLC reduced its position in Allegion plc (NYSE:ALLE – Get Rating) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,042 shares of the scientific and technical instruments company’s stock after selling 1,428 shares during the quarter. River Wealth Advisors LLC’s holdings in Allegion were worth $1,794,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ALLE. Raymond James Financial Services Advisors Inc. grew its position in shares of Allegion by 27.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock worth $996,000 after buying an additional 1,944 shares in the last quarter. American Century Companies Inc. boosted its holdings in Allegion by 11.8% in the first quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock valued at $639,000 after purchasing an additional 614 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Allegion by 7.9% in the first quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock valued at $759,000 after purchasing an additional 510 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Allegion by 35.2% in the first quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock valued at $229,000 after purchasing an additional 544 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Allegion by 88.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 1,564 shares in the last quarter. 92.78% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ALLE. Robert W. Baird reduced their price objective on Allegion from $130.00 to $126.00 in a research note on Thursday, April 27th. Morgan Stanley boosted their price objective on Allegion from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, February 23rd. Barclays cut their price target on Allegion from $129.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, April 6th. StockNews.com began coverage on Allegion in a research note on Thursday, May 18th. They set a “hold” rating for the company. Finally, Mizuho upped their price target on Allegion from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $120.22.
Allegion Trading Down 0.6 %
NYSE:ALLE traded down $0.61 during mid-day trading on Tuesday, reaching $109.15. The company’s stock had a trading volume of 66,915 shares, compared to its average volume of 771,210. The company’s fifty day simple moving average is $105.36 and its two-hundred day simple moving average is $109.72. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.87 and a quick ratio of 1.17. Allegion plc has a twelve month low of $87.33 and a twelve month high of $123.46. The stock has a market cap of $9.60 billion, a P/E ratio of 19.85, a P/E/G ratio of 2.72 and a beta of 1.09.
Allegion (NYSE:ALLE – Get Rating) last released its quarterly earnings data on Wednesday, April 26th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.23. The business had revenue of $923.00 million for the quarter, compared to analyst estimates of $846.29 million. Allegion had a return on equity of 61.34% and a net margin of 14.07%. The company’s revenue was up 27.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.07 EPS. On average, equities analysts predict that Allegion plc will post 6.62 EPS for the current year.
Allegion Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, June 14th. Allegion’s dividend payout ratio (DPR) is presently 32.55%.
Insider Buying and Selling
In related news, SVP Jeffrey N. Braun sold 2,278 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $110.34, for a total transaction of $251,354.52. Following the transaction, the senior vice president now directly owns 11,336 shares of the company’s stock, valued at approximately $1,250,814.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
About Allegion
Allegion Plc engages in the provision of security products and solutions that keep people safe, secure, and productive. It operates through the Allegion Americas and Allegion International segments. Its brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.