Rhumbline Advisers Acquires 21,013 Shares of Allegion plc (NYSE:ALLE)

Rhumbline Advisers lifted its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 12.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,269 shares of the scientific and technical instruments company's stock after acquiring an additional 21,013 shares during the quarter. Rhumbline Advisers owned 0.22% of Allegion worth $24,561,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of Allegion in the fourth quarter worth $28,000. Colonial Trust Co SC boosted its position 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 worth $33,000 after buying an additional 164 shares during the period. Atala Financial Inc acquired a new stake in shares of Allegion in the fourth quarter worth $35,000. GeoWealth Management LLC boosted 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 worth $40,000 after buying an additional 223 shares during the period. Finally, Private Trust Co. NA boosted its position 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 buying an additional 115 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 0.7%

Shares of NYSE:ALLE traded up $1.00 on Friday, reaching $139.23. The company had a trading volume of 737,728 shares, compared to its average volume of 865,318. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a 50-day moving average price of $135.12 and a 200 day moving average price of $133.14. The stock has a market capitalization of $11.98 billion, a P/E ratio of 20.41, a P/E/G ratio of 3.97 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. 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 firm earned $1.55 earnings per share. The business's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.47%. Allegion's dividend payout ratio is currently 28.65%.

Analysts Set New Price Targets

ALLE has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Barclays lifted their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley lifted their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report 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 company currently has a consensus rating of "Hold" and a consensus price target of $140.40.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. The trade was a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company's stock.

About Allegion

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.