Wealth Enhancement Advisory Services LLC raised its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 148.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,127 shares of the scientific and technical instruments company's stock after buying an additional 6,051 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Allegion were worth $1,323,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. DAVENPORT & Co LLC grew its stake in Allegion by 3.9% during the 4th quarter. DAVENPORT & Co LLC now owns 4,534 shares of the scientific and technical instruments company's stock valued at $593,000 after purchasing an additional 170 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Allegion by 7.0% in the fourth quarter. Stratos Wealth Partners LTD. now owns 6,538 shares of the scientific and technical instruments company's stock valued at $854,000 after purchasing an additional 426 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Allegion by 31.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,525 shares of the scientific and technical instruments company's stock worth $1,387,000 after purchasing an additional 2,525 shares during the last quarter. Choreo LLC purchased a new position in shares of Allegion during the fourth quarter worth $209,000. Finally, Bleakley Financial Group LLC boosted its position in shares of Allegion by 17.0% during the fourth quarter. Bleakley Financial Group LLC now owns 1,643 shares of the scientific and technical instruments company's stock worth $215,000 after buying an additional 239 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley boosted their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Wells Fargo & Company cut their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Barclays upped their price objective on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $140.40.
View Our Latest Analysis on Allegion
Allegion Trading Down 1.3%
NYSE:ALLE traded down $1.80 during trading hours on Wednesday, hitting $137.88. The stock had a trading volume of 643,835 shares, compared to its average volume of 867,212. The business's 50 day moving average is $135.80 and its 200-day moving average is $133.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a market cap of $11.86 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 3.97 and a beta of 1.02.
Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results 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. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same period last year, the firm earned $1.55 earnings per share. Allegion's revenue for the quarter was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.48%. Allegion's dividend payout ratio is currently 28.65%.
Allegion Profile
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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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