Allworth Financial LP Has $124,000 Stake in Allegion plc (NYSE:ALLE)

Allworth Financial LP increased its stake in shares of Allegion plc (NYSE:ALLE) by 11.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 982 shares of the scientific and technical instruments company’s stock after purchasing an additional 104 shares during the period. Allworth Financial LP’s holdings in Allegion were worth $124,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. increased its holdings in shares of Allegion by 15.8% during the 1st quarter. BlackRock Inc. now owns 8,631,077 shares of the scientific and technical instruments company’s stock valued at $921,195,000 after acquiring an additional 1,176,087 shares during the last quarter. Boston Partners grew its holdings in Allegion by 17.2% in the 3rd quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company’s stock valued at $584,157,000 after buying an additional 825,048 shares during the last quarter. State Street Corp grew its holdings in Allegion by 4.8% in the 2nd quarter. State Street Corp now owns 3,871,806 shares of the scientific and technical instruments company’s stock valued at $464,694,000 after buying an additional 176,973 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Allegion by 3.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company’s stock valued at $335,411,000 after buying an additional 119,954 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in Allegion by 20.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,773,767 shares of the scientific and technical instruments company’s stock valued at $289,026,000 after buying an additional 467,772 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALLE. Barclays raised their target price on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Mizuho lowered Allegion from a “buy” rating to a “neutral” rating and raised their target price for the company from $140.00 to $141.00 in a report on Friday, February 23rd. Wells Fargo & Company downgraded Allegion from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $139.00 to $140.00 in a research report on Wednesday, February 21st. Finally, StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $125.67.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction 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 completion of the transaction, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO John H. Stone bought 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the purchase, the chief executive officer now owns 104,248 shares of the company’s stock, valued at $13,803,477.68. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value of $716,140.44. Following the completion of the sale, the senior vice president now directly owns 7,555 shares of the company’s stock, valued at $1,003,606.20. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Allegion Price Performance

Allegion stock opened at $127.48 on Friday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 0.85. The company has a market capitalization of $11.16 billion, a PE ratio of 20.83, a price-to-earnings-growth ratio of 4.65 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 business has a 50 day simple moving average of $131.03 and a 200 day simple moving average of $117.95.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $897.40 million during the quarter, compared to the consensus estimate of $904.17 million. Allegion had a return on equity of 51.95% and a net margin of 14.80%. Allegion’s revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company earned $1.60 EPS. On average, sell-side analysts forecast that Allegion plc will post 7.01 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Allegion’s dividend payout ratio (DPR) is presently 31.37%.

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.