Northern Trust Corp lifted its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 22.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 971,276 shares of the scientific and technical instruments company's stock after buying an additional 177,443 shares during the quarter. Northern Trust Corp owned approximately 1.12% of Allegion worth $126,926,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ALLE. The Manufacturers Life Insurance Company boosted its position in Allegion by 1.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 64,631 shares of the scientific and technical instruments company's stock worth $8,446,000 after acquiring an additional 652 shares during the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Allegion by 57.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 66,101 shares of the scientific and technical instruments company's stock worth $8,638,000 after purchasing an additional 24,068 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in shares of Allegion during the fourth quarter worth $17,131,000. Quarry LP grew its position in shares of Allegion by 1,389.9% in the fourth quarter. Quarry LP now owns 3,829 shares of the scientific and technical instruments company's stock valued at $500,000 after purchasing an additional 3,572 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Allegion in the fourth quarter valued at $5,768,000. 92.21% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. This represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 in the last three months. 0.33% of the stock is currently owned by insiders.
Allegion Price Performance
ALLE traded down $0.96 on Tuesday, reaching $139.94. The company had a trading volume of 908,636 shares, compared to its average volume of 834,208. The company has a market capitalization of $12.04 billion, a P/E ratio of 20.52, a PEG ratio of 3.97 and a beta of 1.02. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The company has a fifty day moving average of $128.61 and a 200-day moving average of $133.14. Allegion plc has a one year low of $113.27 and a one year high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. As a group, equities research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.
Allegion Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. Allegion's dividend payout ratio is currently 28.65%.
Analysts Set New Price Targets
A number of brokerages have weighed in on ALLE. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley increased their price objective 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. Barclays boosted their target price on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Finally, Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Allegion has an average rating of "Hold" and a consensus target price of $140.40.
Check Out Our Latest Report on Allegion
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.
Further Reading
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
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
