Oppenheimer & Co. Inc. boosted its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 21.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,557 shares of the scientific and technical instruments company's stock after purchasing an additional 2,792 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Allegion were worth $2,030,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new stake in shares of Allegion in the fourth quarter valued at about $28,000. Colonial Trust Co SC lifted its stake in shares of 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 during the period. Atala Financial Inc bought a new stake in shares of Allegion in the fourth quarter valued at about $35,000. Garde Capital Inc. bought a new stake in shares of Allegion in the first quarter valued at about $36,000. Finally, GeoWealth Management LLC lifted its stake 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 buying an additional 223 shares during the period. Institutional investors own 92.21% of the company's stock.
Allegion Price Performance
Shares of NYSE:ALLE traded up $0.41 during trading on Friday, reaching $143.80. The stock had a trading volume of 699,884 shares, compared to its average volume of 874,671. Allegion PLC has a 52 week low of $113.27 and a 52 week high of $156.10. The business's 50-day moving average price is $139.23 and its 200 day moving average price is $132.96. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.17 and a quick ratio of 1.51. The stock has a market capitalization of $12.37 billion, a PE ratio of 20.20, a P/E/G ratio of 4.02 and a beta of 1.02.
Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. During the same quarter in the previous year, the company posted $1.55 earnings per share. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.
Allegion Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.42%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio (DPR) is presently 28.65%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ALLE. Barclays increased their target price on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Robert W. Baird raised their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegion in a research note on Tuesday. They set an "overweight" rating and a $170.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $145.33.
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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.
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