SG Americas Securities LLC Acquires 10,341 Shares of Allegion PLC (NYSE:ALLE)

SG Americas Securities LLC raised its stake in shares of Allegion PLC (NYSE:ALLE - Free Report) by 238.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,675 shares of the scientific and technical instruments company's stock after buying an additional 10,341 shares during the period. SG Americas Securities LLC's holdings in Allegion were worth $1,915,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Choreo LLC acquired a new stake in Allegion in the fourth quarter worth approximately $209,000. Empowered Funds LLC acquired a new stake in shares of Allegion in the fourth quarter valued at $656,000. Asset Management One Co. Ltd. boosted its stake in Allegion by 0.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 34,030 shares of the scientific and technical instruments company's stock valued at $4,491,000 after buying an additional 227 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Allegion by 8.6% during the fourth quarter. New York State Teachers Retirement System now owns 78,497 shares of the scientific and technical instruments company's stock worth $10,258,000 after acquiring an additional 6,213 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new stake in Allegion in the 4th quarter valued at about $2,124,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 0.1%

Shares of ALLE traded up $0.09 during trading hours on Tuesday, reaching $136.19. The company's stock had a trading volume of 1,199,358 shares, compared to its average volume of 870,274. The company has a 50 day moving average of $137.09 and a two-hundred day moving average of $132.91. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 3.83 and a beta of 1.02. Allegion PLC has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued 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 analyst estimates of $918.53 million. During the same quarter last year, the business posted $1.55 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.50%. Allegion's payout ratio is 28.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target 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. Barclays upped their price objective 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. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Robert W. Baird upped their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Allegion has a consensus rating of "Hold" and a consensus price target of $140.40.

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.