Allegion plc (NYSE:ALLE) Shares Bought by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Allegion plc (NYSE:ALLE) by 14.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,415 shares of the scientific and technical instruments company’s stock after acquiring an additional 55,243 shares during the quarter. Raymond James & Associates owned 0.50% of Allegion worth $59,194,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ALLE. CVA Family Office LLC acquired a new position in Allegion during the fourth quarter worth $28,000. Ancora Advisors LLC lifted its holdings in Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 230 shares in the last quarter. Headinvest LLC acquired a new position in shares of Allegion in the 3rd quarter valued at approximately $48,000. Itau Unibanco Holding S.A. bought a new stake in shares of Allegion during the third quarter worth $60,000. Finally, Signaturefd LLC lifted its position in Allegion by 37.9% in the 3rd quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock valued at $66,000 after acquiring an additional 174 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of NYSE:ALLE traded up $0.62 on Friday, hitting $122.88. The company’s stock had a trading volume of 603,785 shares, compared to its average volume of 587,880. The company has a market capitalization of $10.74 billion, a PE ratio of 20.05, a PEG ratio of 4.36 and a beta of 1.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The company has a 50-day simple moving average of $129.31 and a 200 day simple moving average of $120.38. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91.

Allegion (NYSE:ALLE) last announced 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 business had revenue of $893.90 million during the quarter, compared to analyst estimates of $888.27 million. During the same period in the previous year, the business posted $1.58 earnings per share. Allegion’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts forecast that Allegion plc will post 7.08 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.56%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio is presently 31.32%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Mizuho downgraded Allegion from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $140.00 to $141.00 in a research report on Friday, February 23rd. Wells Fargo & Company lowered shares of Allegion from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $139.00 to $140.00 in a research report on Wednesday, February 21st. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Barclays increased their price target on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allegion has a consensus rating of “Hold” and an average target price of $127.83.

Insiders Place Their Bets

In other Allegion news, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the sale, the senior vice president now owns 7,555 shares of the company’s stock, valued at approximately $1,003,606.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at $13,803,477.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the transaction, 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. Insiders own 0.33% of the company’s stock.

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.