Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,897,407 shares of the scientific and technical instruments company's stock after acquiring an additional 38,377 shares during the quarter. Allegion makes up approximately 1.2% of Kayne Anderson Rudnick Investment Management LLC's holdings, making the stock its 29th largest position. Kayne Anderson Rudnick Investment Management LLC owned 4.52% of Allegion worth $509,313,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC increased its position in Allegion by 0.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock worth $2,911,000 after buying an additional 80 shares in the last quarter. Heritage Family Offices LLP lifted its holdings 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. Waterloo Capital L.P. boosted its position in shares of Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after purchasing an additional 83 shares during the period. IFP Advisors Inc increased its stake in shares of Allegion by 23.2% in the fourth 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, Smartleaf Asset Management LLC raised its position in shares of Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
Allegion Price Performance
Shares of NYSE ALLE traded down $2.58 during mid-day trading on Friday, hitting $136.93. 455,342 shares of the company's stock traded hands, compared to its average volume of 829,230. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company's 50-day moving average is $127.05 and its two-hundred day moving average is $133.84. The company has a market capitalization of $11.80 billion, a P/E ratio of 20.08, a PEG ratio of 3.97 and a beta of 1.01.
Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $941.90 million during 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%. On average, equities analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.49%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is currently 29.91%.
Insider Transactions at Allegion
In related news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion 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 directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
ALLE has been the topic of several recent analyst reports. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Wells Fargo & Company reduced 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 report on Wednesday, February 19th. Robert W. Baird upped their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays lifted 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. Finally, 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 report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, Allegion currently has a consensus rating of "Hold" and an average target price of $140.40.
Read Our Latest Stock Analysis on ALLE
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.
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