OLD National Bancorp IN lessened its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 52.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,011 shares of the scientific and technical instruments company's stock after selling 2,214 shares during the quarter. OLD National Bancorp IN's holdings in Allegion were worth $262,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Crew Capital Management Ltd. lifted its position in shares of Allegion by 224.9% during the 4th quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock worth $759,000 after purchasing an additional 4,022 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Allegion by 438.6% in the 4th quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock valued at $34,983,000 after acquiring an additional 218,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Allegion by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company's stock valued at $26,724,000 after acquiring an additional 8,806 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Allegion by 73.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock valued at $2,452,000 after acquiring an additional 7,950 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new position in Allegion in the 4th quarter valued at approximately $4,398,000. Institutional investors own 92.21% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on ALLE shares. Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Morgan Stanley upped their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Robert W. Baird upped their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wall Street Zen lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company lowered their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $140.40.
View Our Latest Analysis on Allegion
Allegion Price Performance
NYSE ALLE traded down $3.49 during trading hours on Friday, reaching $135.18. 556,572 shares of the company's stock were exchanged, compared to its average volume of 870,002. The stock has a market cap of $11.63 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The firm has a fifty day moving average of $136.50 and a 200-day moving average of $133.04. 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 (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The business had revenue of $941.90 million for 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%. Allegion's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. On average, equities research analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.51%. Allegion's dividend payout ratio (DPR) is presently 28.65%.
Allegion Company Profile
(
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.
Featured Articles
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
