Heritage Family Offices LLP Has $838,000 Stake in Allegion plc (NYSE:ALLE)

Heritage Family Offices LLP raised its stake in Allegion plc (NYSE:ALLE - Free Report) by 142.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,420 shares of the scientific and technical instruments company's stock after purchasing an additional 3,775 shares during the period. Heritage Family Offices LLP's holdings in Allegion were worth $838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in shares of Allegion during the fourth quarter worth about $28,000. Colonial Trust Co SC increased its holdings in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after buying an additional 164 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Allegion in the 4th quarter worth about $35,000. GeoWealth Management LLC boosted its stake in shares of Allegion by 259.3% during the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Down 0.6%

Shares of ALLE traded down $0.83 during midday trading on Wednesday, hitting $138.27. The stock had a trading volume of 949,692 shares, compared to its average volume of 863,404. The business has a 50-day simple moving average of $134.60 and a two-hundred day simple moving average of $133.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market cap of $11.90 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. During the same quarter in the prior year, the firm earned $1.55 EPS. The company's revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Allegion plc will post 7.77 EPS 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 given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. Allegion's dividend payout ratio is currently 28.65%.

Analyst Ratings Changes

ALLE has been the topic of a number of recent research reports. Robert W. Baird boosted their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Barclays upped their target price on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on 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, Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat, Allegion currently has an average rating of "Hold" and a consensus price target of $140.40.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were 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 approximately $1,302,000.02. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.23% of the company's stock.

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.