Baird Financial Group Inc. Has $1.09 Million Stake in Allegion plc (NYSE:ALLE)

Baird Financial Group Inc. lifted its position in Allegion plc (NYSE:ALLE) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,315 shares of the scientific and technical instruments company’s stock after buying an additional 293 shares during the quarter. Baird Financial Group Inc.’s holdings in Allegion were worth $1,087,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Allegion during the fourth quarter valued at approximately $28,000. Atala Financial Inc bought a new position in Allegion during the fourth quarter valued at approximately $35,000. GeoWealth Management LLC raised its position in 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 acquiring an additional 223 shares in the last quarter. Private Trust Co. NA raised its position in Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 115 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in Allegion by 78.0% during the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David S. Ilardi sold 789 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 over the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Allegion Trading Down 0.6%

Shares of ALLE stock opened at $142.91 on Wednesday. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The firm’s fifty day simple moving average is $130.08 and its 200 day simple moving average is $132.89. The firm has a market capitalization of $12.30 billion, a P/E ratio of 20.95, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. 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 announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same quarter in the previous year, the firm posted $1.55 earnings per share. Allegion’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 yield of 1.43%. Allegion’s dividend payout ratio is currently 28.65%.

Analysts Set New Price Targets

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

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.