Bokf Na cut its stake in Allegion PLC (NYSE:ALLE) by 37.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,893 shares of the scientific and technical instruments company’s stock after selling 12,104 shares during the period. Bokf Na’s holdings in Allegion were worth $1,586,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Dorsey Wright & Associates lifted its stake in Allegion by 192.8% in the fourth quarter. Dorsey Wright & Associates now owns 51,097 shares of the scientific and technical instruments company’s stock valued at $4,073,000 after buying an additional 33,644 shares during the period. Vanguard Group Inc grew its holdings in Allegion by 1.7% during the third quarter. Vanguard Group Inc now owns 9,963,751 shares of the scientific and technical instruments company’s stock worth $902,417,000 after buying an additional 164,422 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Allegion by 40.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 20,467 shares of the scientific and technical instruments company’s stock worth $1,631,000 after buying an additional 5,926 shares in the last quarter. Schroder Investment Management Group grew its holdings in Allegion by 60.6% during the third quarter. Schroder Investment Management Group now owns 561,524 shares of the scientific and technical instruments company’s stock worth $50,857,000 after buying an additional 211,924 shares in the last quarter. Finally, Cleararc Capital Inc. bought a new stake in Allegion during the third quarter worth $220,000. Institutional investors and hedge funds own 94.02% of the company’s stock.
Several equities research analysts recently issued reports on the company. Morgan Stanley set a $92.00 price target on Allegion and gave the stock a “hold” rating in a report on Wednesday, February 20th. Goldman Sachs Group downgraded Allegion from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $98.00 to $92.00 in a report on Wednesday, February 20th. ValuEngine downgraded Allegion from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Allegion has a consensus rating of “Hold” and a consensus price target of $94.40.
Shares of Allegion stock opened at $88.41 on Friday. Allegion PLC has a 12-month low of $73.85 and a 12-month high of $94.30. The firm has a market cap of $8.39 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a quick ratio of 1.25, a current ratio of 1.79 and a debt-to-equity ratio of 2.16.
Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.01. The business had revenue of $702.40 million during the quarter, compared to the consensus estimate of $703.17 million. Allegion had a return on equity of 77.42% and a net margin of 15.92%. Allegion’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.11 earnings per share. On average, equities analysts anticipate that Allegion PLC will post 4.86 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Thursday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.21. Allegion’s dividend payout ratio is 18.67%.
In other Allegion news, CAO Douglas P. Ranck sold 3,400 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $89.26, for a total value of $303,484.00. Following the completion of the transaction, the chief accounting officer now owns 8,478 shares in the company, valued at approximately $756,746.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chris E. Muhlenkamp sold 12,034 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $88.96, for a total value of $1,070,544.64. Following the completion of the transaction, the vice president now owns 27,289 shares of the company’s stock, valued at approximately $2,427,629.44. The disclosure for this sale can be found here. Insiders sold a total of 67,129 shares of company stock valued at $5,928,592 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.
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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.
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