Oppenheimer & Co. Inc. increased its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,557 shares of the scientific and technical instruments company's stock after acquiring an additional 2,792 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Allegion were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the business. Millstone Evans Group LLC purchased a new stake in Allegion during the fourth quarter worth approximately $28,000. Colonial Trust Co SC boosted its holdings 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 acquiring an additional 164 shares in the last quarter. Atala Financial Inc acquired a new stake in shares of Allegion in the 4th quarter valued at approximately $35,000. Garde Capital Inc. acquired a new stake in shares of Allegion in the first quarter valued at about $36,000. Finally, GeoWealth Management LLC increased its stake in Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Allegion Price Performance
Shares of NYSE:ALLE traded up $0.33 during midday trading on Monday, hitting $144.22. The stock had a trading volume of 597,283 shares, compared to its average volume of 866,444. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. Allegion PLC has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a market capitalization of $12.41 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 4.03 and a beta of 1.03. The company's 50-day moving average price is $140.00 and its 200-day moving average price is $132.92.
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, beating analysts' consensus estimates of $1.68 by $0.18. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 EPS. As a group, equities research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.
Allegion Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is presently 28.65%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on ALLE shares. JPMorgan Chase & Co. began coverage on shares of Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price target for the company. Robert W. Baird lifted their target price on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays increased their target price on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $145.33.
Check Out Our Latest Research Report 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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