State Board of Administration of Florida Retirement System Sells 554 Shares of Allegion plc (NYSE:ALLE)

State Board of Administration of Florida Retirement System decreased its position in shares of Allegion plc (NYSE:ALLE) by 0.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,089 shares of the scientific and technical instruments company’s stock after selling 554 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.12% of Allegion worth $11,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Wealth Management LLC bought a new position in Allegion in the fourth quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new position in Allegion in the first quarter valued at approximately $27,000. First Horizon Advisors Inc. lifted its stake in Allegion by 55.0% in the fourth quarter. First Horizon Advisors Inc. now owns 296 shares of the scientific and technical instruments company’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. Signaturefd LLC lifted its stake in Allegion by 134.1% in the first quarter. Signaturefd LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 177 shares in the last quarter. Finally, CWM LLC lifted its stake in Allegion by 44.9% in the first quarter. CWM LLC now owns 371 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 115 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Jennifer L. Hawes sold 750 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $117.50, for a total value of $88,125.00. Following the transaction, the senior vice president now directly owns 4,488 shares in the company, valued at $527,340. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Allegion news, CEO John H. Stone bought 17,500 shares of Allegion stock in a transaction dated Thursday, July 27th. The stock was bought at an average price of $116.62 per share, with a total value of $2,040,850.00. Following the completion of the transaction, the chief executive officer now owns 94,248 shares in the company, valued at approximately $10,991,201.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jennifer L. Hawes sold 750 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $117.50, for a total transaction of $88,125.00. Following the completion of the sale, the senior vice president now directly owns 4,488 shares of the company’s stock, valued at approximately $527,340. The disclosure for this sale can be found here. Corporate insiders own 0.90% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $105.68 on Monday. Allegion plc has a 1-year low of $87.33 and a 1-year high of $128.36. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.87 and a beta of 1.11. The company’s fifty day simple moving average is $113.99 and its 200 day simple moving average is $110.82. The company has a current ratio of 1.93, a quick ratio of 1.20 and a debt-to-equity ratio of 1.79.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Wednesday, July 26th. The scientific and technical instruments company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.72 by $0.04. Allegion had a net margin of 14.27% and a return on equity of 59.20%. The firm had revenue of $912.50 million for the quarter, compared to the consensus estimate of $936.25 million. During the same period in the previous year, the company earned $1.37 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, research analysts forecast that Allegion plc will post 6.76 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Friday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.70%. Allegion’s dividend payout ratio is currently 30.82%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALLE. StockNews.com began coverage on shares of Allegion in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Barclays lifted their price objective on shares of Allegion from $120.00 to $130.00 in a report on Monday, July 10th. Longbow Research downgraded shares of Allegion from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Finally, Robert W. Baird lifted their price objective on shares of Allegion from $126.00 to $132.00 in a report on Thursday, July 27th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Allegion presently has an average rating of “Moderate Buy” and an average price target of $123.50.

Allegion Company 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.