State of Wyoming Boosts Stake in Allegion plc (NYSE:ALLE)

State of Wyoming boosted its stake in Allegion plc (NYSE:ALLE - Free Report) by 1,041.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,583 shares of the scientific and technical instruments company's stock after acquiring an additional 5,094 shares during the period. State of Wyoming's holdings in Allegion were worth $730,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ALLE. Millstone Evans Group LLC purchased a new stake in Allegion in the fourth quarter worth $28,000. Colonial Trust Co SC grew its position in shares of Allegion by 192.9% in the 4th 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 purchased a new stake in shares of Allegion in the 4th quarter worth about $35,000. GeoWealth Management LLC increased its stake in shares of Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 223 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 115 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Stock Down 0.1%

ALLE stock traded down $0.19 during midday trading on Friday, hitting $141.45. The company's stock had a trading volume of 279,514 shares, compared to its average volume of 996,664. The company has a market cap of $12.17 billion, a PE ratio of 20.74, a P/E/G ratio of 3.97 and a beta of 1.02. The firm's 50-day moving average is $132.56 and its 200-day moving average is $133.16. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 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 (EPS) for the quarter, beating 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 firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same period in the prior year, the company posted $1.55 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. Allegion's payout ratio is 28.65%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ALLE shares. Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. 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. Morgan Stanley boosted 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. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays lifted their price target on 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 stock. According to data from MarketBeat.com, Allegion currently has a consensus rating of "Hold" and an average target price of $140.40.

Insider Activity at Allegion

In other news, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares of the company's stock, valued at $1,205,820. This represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Allegion Company Profile

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.