Cypress Advisory Group LLC increased its stake in Allegion PLC (NYSE:ALLE - Free Report) by 14.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,892 shares of the scientific and technical instruments company's stock after purchasing an additional 2,313 shares during the quarter. Allegion makes up approximately 2.1% of Cypress Advisory Group LLC's investment portfolio, making the stock its 12th biggest position. Cypress Advisory Group LLC's holdings in Allegion were worth $2,334,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Millstone Evans Group LLC bought a new stake in shares of Allegion during the 4th quarter valued at $28,000. Colonial Trust Co SC increased its stake in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after buying an additional 164 shares in the last quarter. Atala Financial Inc bought a new stake in Allegion during the fourth quarter valued at about $35,000. GeoWealth Management LLC lifted its position in shares of Allegion by 259.3% in 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 in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of 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 worth $42,000 after acquiring an additional 115 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms recently commented on ALLE. Robert W. Baird boosted their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Barclays upped 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. Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Wall Street Zen lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Allegion has a consensus rating of "Hold" and an average target price of $140.40.
View Our Latest Stock Analysis on Allegion
Allegion Price Performance
Allegion stock traded up $0.47 during mid-day trading on Thursday, reaching $136.71. 942,838 shares of the company's stock traded hands, compared to its average volume of 870,847. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 3.84 and a beta of 1.02. Allegion PLC has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. The stock has a 50 day moving average of $137.33 and a two-hundred day moving average of $132.94.
Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The business had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. During the same quarter last year, the firm earned $1.55 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.
Allegion Announces Dividend
The business 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.
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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