Commonwealth Equity Services LLC Has $1.12 Million Stock Position in Allegion plc (NYSE:ALLE)

Commonwealth Equity Services LLC lowered its position in shares of Allegion plc (NYSE:ALLEFree Report) by 14.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,281 shares of the scientific and technical instruments company’s stock after selling 1,453 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Allegion were worth $1,116,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ALLE. CVA Family Office LLC acquired a new stake in shares of Allegion during the 4th quarter worth about $28,000. Robeco Institutional Asset Management B.V. increased its position in Allegion by 19.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 3,823 shares in the last quarter. Headinvest LLC acquired a new stake in Allegion in the 3rd quarter valued at about $48,000. Signaturefd LLC increased its position in Allegion by 20.9% in the 4th quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 132 shares in the last quarter. Finally, Allworth Financial LP increased its position in Allegion by 11.8% in the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock valued at $124,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 0.6 %

Shares of NYSE ALLE opened at $114.95 on Monday. The firm has a market capitalization of $10.05 billion, a PE ratio of 18.75, a price-to-earnings-growth ratio of 3.61 and a beta of 1.13. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91. The firm’s 50-day moving average is $120.23 and its 200-day moving average is $125.27.

Allegion (NYSE:ALLEGet Free Report) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The company had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. During the same quarter last year, the firm earned $1.58 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that Allegion plc will post 7.09 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend was Friday, June 14th. Allegion’s payout ratio is 31.32%.

Insider Buying and Selling

In related news, SVP Tracy L. Kemp sold 2,194 shares of Allegion stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $121.98, for a total transaction of $267,624.12. Following the transaction, the senior vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,354,343.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group raised their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Barclays cut shares of Allegion from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $122.00 to $116.00 in a research report on Tuesday, June 4th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Monday, July 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $126.83.

Get Our Latest Stock Analysis on ALLE

Allegion Company Profile

(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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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