Quarry LP increased its holdings in Allegion plc (NYSE:ALLE - Free Report) by 1,389.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,829 shares of the scientific and technical instruments company's stock after buying an additional 3,572 shares during the quarter. Quarry LP's holdings in Allegion were worth $500,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of ALLE. Vanguard Group Inc. grew its stake in shares of Allegion by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after acquiring an additional 177,808 shares during the period. Boston Partners grew its stake in Allegion by 11.6% during the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after acquiring an additional 488,390 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Allegion by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock valued at $509,313,000 after acquiring an additional 38,377 shares in the last quarter. Van ECK Associates Corp grew its stake in Allegion by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock valued at $449,033,000 after acquiring an additional 257,175 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Allegion by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock valued at $280,607,000 after acquiring an additional 41,417 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.
Allegion Stock Performance
Shares of NYSE ALLE traded down $0.48 during trading on Thursday, reaching $138.72. 631,497 shares of the company traded hands, compared to its average volume of 832,401. The stock has a market cap of $11.96 billion, a P/E ratio of 20.34, a PEG ratio of 3.97 and a beta of 1.01. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm's fifty day simple moving average is $127.95 and its 200 day simple moving average is $133.61. 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 posted its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 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 business had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. During the same period in the previous year, the business earned $1.55 earnings per share. The business's revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Dividend Announcement
The firm 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 dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is 28.65%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on ALLE. Barclays lifted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday, April 25th. Robert W. Baird raised their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $140.40.
Check Out Our Latest Stock Report on ALLE
Insider Activity at Allegion
In other news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction on 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 owns 4,972 shares of the company's stock, valued at $620,008.40. This represents a 7.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the transaction, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,224 shares of company stock valued at $406,636. Corporate insiders own 0.33% of the company's stock.
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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