Gateway Investment Advisers LLC lessened its position in Allegion PLC (NYSE:ALLE) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,649 shares of the scientific and technical instruments company’s stock after selling 5,835 shares during the period. Gateway Investment Advisers LLC’s holdings in Allegion were worth $2,417,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC bought a new position in Allegion in the 4th quarter valued at about $31,000. Ledyard National Bank bought a new position in Allegion in the 4th quarter valued at about $53,000. Exane Asset Management bought a new position in Allegion in the 4th quarter valued at about $78,000. Enlightenment Research LLC bought a new position in shares of Allegion during the 4th quarter valued at about $88,000. Finally, NumerixS Investment Technologies Inc bought a new position in shares of Allegion during the 4th quarter valued at about $94,000. 95.56% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on ALLE shares. ValuEngine upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. Morgan Stanley set a $92.00 price objective on shares of Allegion and gave the company a “hold” rating in a research report on Wednesday, February 20th. Finally, Goldman Sachs Group lowered shares of Allegion from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $98.00 to $92.00 in a research report on Wednesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $94.40.
Shares of ALLE opened at $94.57 on Monday. The company has a market cap of $8.93 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.25 and a current ratio of 1.79. Allegion PLC has a twelve month low of $73.85 and a twelve month high of $95.27.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.01. The firm had revenue of $702.40 million for the quarter, compared to analyst estimates of $703.17 million. Allegion had a net margin of 15.92% and a return on equity of 77.42%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. Analysts predict that Allegion PLC will post 4.86 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. Allegion’s payout ratio is 24.00%.
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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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