Yousif Capital Management LLC Sells 201 Shares of Allegion plc (NYSE:ALLE)

Yousif Capital Management LLC reduced its stake in shares of Allegion plc (NYSE:ALLE) by 1.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 11,215 shares of the scientific and technical instruments company’s stock after selling 201 shares during the period. Yousif Capital Management LLC’s holdings in Allegion were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Millstone Evans Group LLC bought a new stake in Allegion in the fourth quarter worth $28,000. Colonial Trust Co SC increased its position in shares of Allegion by 192.9% during the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 164 shares during the period. Atala Financial Inc purchased a new position in shares of Allegion during the fourth quarter valued at about $35,000. GeoWealth Management LLC increased its position in shares of Allegion by 259.3% during the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 223 shares during the period. Finally, Private Trust Co. NA grew its holdings in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 115 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 0.5%

Shares of NYSE ALLE opened at $136.02 on Tuesday. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 3.97 and a beta of 1.02. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm’s 50-day moving average price is $136.86 and its 200-day moving average price is $132.89. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.55 EPS. On average, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. Allegion’s dividend payout ratio is presently 28.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ALLE. Barclays upped their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a report on Friday, April 25th. Robert W. Baird raised their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, April 25th. Wells Fargo & Company dropped their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Wall Street Zen downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $140.40.

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.