Rhumbline Advisers lowered its position in Allegion PLC (NYSE:ALLE) by 3.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 159,979 shares of the scientific and technical instruments company’s stock after selling 6,357 shares during the period. Rhumbline Advisers owned about 0.17% of Allegion worth $14,512,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC boosted its position in shares of Allegion by 214.1% during the 1st quarter. Parallel Advisors LLC now owns 1,690 shares of the scientific and technical instruments company’s stock worth $153,000 after purchasing an additional 1,152 shares during the period. Intermede Investment Partners Ltd boosted its position in shares of Allegion by 13.7% during the 1st quarter. Intermede Investment Partners Ltd now owns 713,115 shares of the scientific and technical instruments company’s stock worth $64,687,000 after purchasing an additional 85,895 shares during the period. Starr International Co. Inc. purchased a new position in shares of Allegion during the 1st quarter worth approximately $126,000. Janus Henderson Group PLC boosted its position in shares of Allegion by 37.3% during the 1st quarter. Janus Henderson Group PLC now owns 408,229 shares of the scientific and technical instruments company’s stock worth $37,031,000 after purchasing an additional 110,941 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in shares of Allegion by 27.6% during the 1st quarter. First Republic Investment Management Inc. now owns 269,264 shares of the scientific and technical instruments company’s stock worth $24,425,000 after purchasing an additional 58,165 shares during the period. Institutional investors and hedge funds own 94.09% of the company’s stock.
In other Allegion news, VP Chris E. Muhlenkamp sold 618 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $91.56, for a total transaction of $56,584.08. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Douglas P. Ranck sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $89.26, for a total transaction of $303,484.00. Following the transaction, the chief accounting officer now directly owns 8,478 shares in the company, valued at $756,746.28. The disclosure for this sale can be found here. Insiders have sold a total of 72,486 shares of company stock worth $6,459,845 over the last three months. 0.77% of the stock is currently owned by insiders.
NYSE ALLE opened at $99.40 on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 2.20. The firm has a market capitalization of $9.31 billion, a P/E ratio of 22.09, a P/E/G ratio of 1.85 and a beta of 1.20. Allegion PLC has a 12 month low of $74.83 and a 12 month high of $102.39.
Allegion (NYSE:ALLE) last posted its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $655.00 million for the quarter, compared to the consensus estimate of $654.66 million. Allegion had a net margin of 15.97% and a return on equity of 72.88%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. On average, research analysts forecast that Allegion PLC will post 4.85 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s payout ratio is currently 24.00%.
A number of brokerages have recently weighed in on ALLE. ValuEngine upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a report on Wednesday, February 6th. Imperial Capital restated an “in-line” rating and issued a $102.00 price objective (up from $96.00) on shares of Allegion in a report on Monday, April 29th. Goldman Sachs Group lowered shares of Allegion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $98.00 to $92.00 in a report on Wednesday, February 20th. Finally, Morgan Stanley set a $92.00 price objective on shares of Allegion and gave the company a “hold” rating in a report on Wednesday, February 20th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Allegion presently has a consensus rating of “Hold” and an average target price of $97.00.
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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