Xponance Inc. Lowers Holdings in Allegion plc (NYSE:ALLE)

Xponance Inc. lessened its stake in Allegion plc (NYSE:ALLE) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,092 shares of the scientific and technical instruments company’s stock after selling 2,216 shares during the quarter. Xponance Inc.’s holdings in Allegion were worth $2,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of ALLE. CVA Family Office LLC bought a new stake in Allegion in the 4th quarter worth about $28,000. Ancora Advisors LLC increased its holdings in Allegion by 153.3% in the 3rd quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 230 shares in the last quarter. Headinvest LLC bought a new stake in Allegion in the 3rd quarter worth about $48,000. Itau Unibanco Holding S.A. bought a new stake in Allegion in the 3rd quarter worth about $60,000. Finally, Signaturefd LLC increased its holdings in Allegion by 37.9% in the 3rd quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

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

Allegion Stock Up 0.2 %

Shares of ALLE opened at $125.42 on Tuesday. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 4.51 and a beta of 1.14. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91. The business’s 50 day simple moving average is $130.63 and its 200-day simple moving average is $119.27. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 0.85.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. The business had revenue of $897.40 million for the quarter, compared to analysts’ expectations of $904.17 million. Allegion had a return on equity of 51.95% and a net margin of 14.80%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. As a group, equities analysts expect that Allegion plc will post 7.01 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio is currently 31.37%.

Insider Activity

In other news, SVP Robert C. Martens sold 5,391 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total transaction of $716,140.44. Following the transaction, the senior vice president now owns 7,555 shares of the company’s stock, valued at approximately $1,003,606.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Timothy P. Eckersley sold 5,047 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value of $716,140.44. Following the transaction, the senior vice president now directly owns 7,555 shares in the company, valued at approximately $1,003,606.20. The disclosure for this sale can be found here. Corporate insiders own 0.90% 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.