Sone Capital Management LLC bought a new stake in Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,812 shares of the scientific and technical instruments company's stock, valued at approximately $498,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC purchased a new position in Allegion during the fourth quarter valued at $28,000. Colonial Trust Co SC raised its stake in Allegion by 192.9% during 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 last quarter. Atala Financial Inc purchased a new position in Allegion during the fourth quarter valued at $35,000. GeoWealth Management LLC raised its stake in Allegion by 259.3% during 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 last quarter. Finally, Private Trust Co. NA raised its stake in Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.
Insider Activity at Allegion
In other news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares in the company, 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. Over the last three months, insiders have sold 3,224 shares of company stock worth $406,636. Corporate insiders own 0.33% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Barclays lifted their target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. Finally, Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a 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's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $140.40.
Read Our Latest Analysis on ALLE
Allegion Stock Performance
Shares of ALLE opened at $144.46 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The firm has a market capitalization of $12.43 billion, a P/E ratio of 21.18, a PEG ratio of 3.97 and a beta of 1.02. The business has a fifty day moving average of $131.60 and a 200 day moving average of $133.01.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Allegion's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current year.
Allegion Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.41%. Allegion's dividend payout ratio (DPR) is presently 28.65%.
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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