Quantinno Capital Management LP boosted its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 282.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,620 shares of the scientific and technical instruments company's stock after buying an additional 26,303 shares during the period. Quantinno Capital Management LP's holdings in Allegion were worth $4,655,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Douglass Winthrop Advisors LLC lifted its position in shares of Allegion by 0.4% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after acquiring an additional 80 shares in the last quarter. Waterloo Capital L.P. raised its stake in Allegion by 1.2% during the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after purchasing an additional 83 shares during the period. IFP Advisors Inc raised its stake in Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after purchasing an additional 85 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of Allegion by 1.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,256 shares of the scientific and technical instruments company's stock worth $1,471,000 after buying an additional 110 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.
Allegion Stock Down 1.2%
ALLE stock traded down $1.71 during mid-day trading on Wednesday, hitting $141.97. The stock had a trading volume of 1,054,616 shares, compared to its average volume of 846,603. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a fifty day moving average of $132.28 and a 200 day moving average of $133.14. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 3.97 and a beta of 1.02.
Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. On average, equities analysts expect that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 13th. Allegion's payout ratio is presently 28.65%.
Insider Buying and Selling
In other Allegion news, SVP David S. Ilardi sold 789 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the transaction, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. This trade represents a 7.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. The trade was a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on ALLE shares. Robert W. Baird upped their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Morgan Stanley boosted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Barclays increased 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $140.40.
Get Our Latest Stock Analysis on Allegion
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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