Allegion plc (NYSE:ALLE) Shares Sold by Xponance Inc.

Xponance Inc. cut its holdings in shares of Allegion plc (NYSE:ALLE) by 39.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,680 shares of the scientific and technical instruments company’s stock after selling 7,622 shares during the period. Xponance Inc.’s holdings in Allegion were worth $1,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Allegion by 4.1% during the fourth quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock worth $16,495,000 after buying an additional 5,133 shares during the period. Norden Group LLC acquired a new stake in Allegion in the first quarter worth approximately $2,271,000. BNP Paribas Financial Markets lifted its position in Allegion by 90.7% in the first quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after purchasing an additional 57,832 shares during the period. Morningstar Investment Services LLC lifted its position in Allegion by 107.6% in the fourth quarter. Morningstar Investment Services LLC now owns 218,489 shares of the scientific and technical instruments company’s stock worth $27,717,000 after purchasing an additional 113,227 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its position in Allegion by 18.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 66,701 shares of the scientific and technical instruments company’s stock worth $8,450,000 after purchasing an additional 10,300 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Up 0.0 %

Allegion stock opened at $143.77 on Friday. Allegion plc has a one year low of $95.94 and a one year high of $146.46. The company’s fifty day moving average price is $135.27 and its two-hundred day moving average price is $128.01. The company has a market capitalization of $12.57 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 4.38 and a beta of 1.12. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The business had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. During the same period in the previous year, the company earned $1.76 earnings per share. Allegion’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts forecast that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, September 20th. Allegion’s dividend payout ratio is currently 31.32%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of research analyst reports. Wells Fargo & Company upped their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Barclays boosted their target price on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $125.40.

About Allegion

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.