Great Lakes Advisors LLC raised its stake in Allegion PLC (NYSE:ALLE) by 607.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 178,321 shares of the scientific and technical instruments company’s stock after purchasing an additional 153,123 shares during the quarter. Great Lakes Advisors LLC’s holdings in Allegion were worth $16,175,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC bought a new stake in Allegion in the fourth quarter worth approximately $31,000. Ledyard National Bank bought a new stake in Allegion in the fourth quarter worth approximately $53,000. Financial Gravity Wealth Inc. bought a new stake in Allegion in the first quarter worth approximately $56,000. Exane Asset Management bought a new stake in Allegion in the fourth quarter worth approximately $78,000. Finally, Enlightenment Research LLC bought a new stake in Allegion in the fourth quarter worth approximately $88,000. Hedge funds and other institutional investors own 94.09% of the company’s stock.
NYSE ALLE opened at $100.47 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.75 and a debt-to-equity ratio of 2.20. The firm has a market cap of $9.44 billion, a P/E ratio of 22.33, a PEG ratio of 1.88 and a beta of 1.20. Allegion PLC has a 1 year low of $74.83 and a 1 year high of $102.54.
Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $655.00 million during the quarter, compared to the consensus estimate of $654.66 million. Allegion had a net margin of 15.97% and a return on equity of 72.88%. Allegion’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. On average, equities research analysts expect that Allegion PLC will post 4.85 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s dividend payout ratio is currently 24.00%.
Several research firms have commented on ALLE. ValuEngine raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Imperial Capital reissued an “in-line” rating and issued a $102.00 target price (up from $96.00) on shares of Allegion in a research report on Monday, April 29th. Morgan Stanley set a $100.00 target price on shares of Allegion and gave the stock a “hold” rating in a research report on Friday, April 26th. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Finally, Goldman Sachs Group downgraded shares of Allegion from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $98.00 to $92.00 in a research report on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $97.00.
In related news, VP Chris E. Muhlenkamp sold 12,034 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $88.96, for a total transaction of $1,070,544.64. Following the completion of the sale, the vice president now directly owns 27,289 shares of the company’s stock, valued at approximately $2,427,629.44. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patrick S. Shannon sold 34,898 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $87.44, for a total transaction of $3,051,481.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,868 shares of company stock valued at $6,403,261. 0.77% of the stock is owned by insiders.
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Allegion Company Profile
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.
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