Raymond James & Associates Has $59.19 Million Position in Allegion plc (NYSE:ALLE)

Raymond James & Associates increased its holdings in Allegion plc (NYSE:ALLE - Free Report) by 14.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,415 shares of the scientific and technical instruments company's stock after purchasing an additional 55,243 shares during the period. Raymond James & Associates owned 0.50% of Allegion worth $59,194,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ALLE. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Allegion by 9.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 20,298 shares of the scientific and technical instruments company's stock worth $2,115,000 after buying an additional 1,700 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Allegion by 367.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,811 shares of the scientific and technical instruments company's stock worth $2,064,000 after purchasing an additional 15,572 shares during the period. Xponance Inc. lifted its stake in shares of Allegion by 2.7% in the 3rd quarter. Xponance Inc. now owns 21,308 shares of the scientific and technical instruments company's stock valued at $2,220,000 after purchasing an additional 570 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Allegion by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 901,854 shares of the scientific and technical instruments company's stock worth $93,973,000 after purchasing an additional 28,658 shares during the period. Finally, Forsta AP Fonden acquired a new stake in Allegion during the 3rd quarter worth approximately $2,636,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of NYSE ALLE traded up $0.62 during trading on Friday, reaching $122.88. The stock had a trading volume of 603,785 shares, compared to its average volume of 587,880. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.87 and a current ratio of 1.31. The stock has a market cap of $10.74 billion, a PE ratio of 20.05, a P/E/G ratio of 4.36 and a beta of 1.14. Allegion plc has a one year low of $95.94 and a one year high of $136.91. The firm's 50 day moving average price is $129.31 and its two-hundred day moving average price is $120.38.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The company had revenue of $893.90 million for the quarter, compared to analysts' expectations of $888.27 million. During the same period in the prior year, the company earned $1.58 earnings per share. The firm's revenue was down 3.2% compared to the same quarter last year. On average, research analysts forecast that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion's dividend payout ratio (DPR) is 31.32%.

Wall Street Analyst Weigh In

ALLE has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of Allegion from $121.00 to $122.00 and gave the company an "equal weight" rating in a report on Tuesday, April 2nd. StockNews.com raised Allegion from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. Wells Fargo & Company downgraded Allegion from an "overweight" rating to an "equal weight" rating and lifted their price objective for the stock from $139.00 to $140.00 in a report on Wednesday, February 21st. Mizuho cut Allegion from a "buy" rating to a "neutral" rating and increased their target price for the company from $140.00 to $141.00 in a research note on Friday, February 23rd. Finally, UBS Group lifted their price target on shares of Allegion from $113.00 to $132.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $127.83.

Insider Activity at Allegion

In other news, VP Timothy P. Eckersley sold 5,047 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the completion of the transaction, the vice president now owns 35,567 shares of the company's stock, valued at $4,623,354.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Robert C. Martens sold 5,391 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the sale, the senior vice president now directly owns 7,555 shares in the company, valued at approximately $1,003,606.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Allegion 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.