Los Angeles Capital Management LLC Sells 3,768 Shares of Allegion plc (NYSE:ALLE)

Los Angeles Capital Management LLC lowered its position in shares of Allegion plc (NYSE:ALLEFree Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 135,620 shares of the scientific and technical instruments company’s stock after selling 3,768 shares during the period. Los Angeles Capital Management LLC owned approximately 0.15% of Allegion worth $18,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Allegion by 3.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company’s stock worth $335,411,000 after purchasing an additional 119,954 shares in the last quarter. Van ECK Associates Corp increased its holdings in Allegion by 15.9% in the 4th quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock worth $407,391,000 after buying an additional 441,882 shares in the last quarter. Brown Advisory Inc. raised its position in Allegion by 33.0% in the 4th quarter. Brown Advisory Inc. now owns 1,895,352 shares of the scientific and technical instruments company’s stock worth $240,122,000 after buying an additional 470,104 shares during the last quarter. Invesco Ltd. lifted its stake in Allegion by 11.7% during the 3rd quarter. Invesco Ltd. now owns 1,467,586 shares of the scientific and technical instruments company’s stock valued at $152,922,000 after acquiring an additional 153,806 shares during the period. Finally, Deutsche Bank AG boosted its holdings in shares of Allegion by 0.3% during the 3rd quarter. Deutsche Bank AG now owns 1,360,639 shares of the scientific and technical instruments company’s stock valued at $141,779,000 after acquiring an additional 4,332 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Stock Performance

ALLE traded up $0.38 during midday trading on Wednesday, reaching $116.61. The company had a trading volume of 884,096 shares, compared to its average volume of 533,594. The business has a 50-day moving average of $122.89 and a two-hundred day moving average of $124.90. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91. The company has a market cap of $10.20 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.65 and a beta of 1.16.

Allegion (NYSE:ALLEGet Free Report) last released its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $893.90 million during the quarter, compared to analyst estimates of $888.27 million. During the same period in the prior year, the firm posted $1.58 EPS. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Allegion plc will post 7.09 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, June 14th. Allegion’s dividend payout ratio (DPR) is 31.32%.

Insider Buying and Selling

In other news, SVP Tracy L. Kemp sold 2,194 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the completion of the transaction, the senior vice president now owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALLE shares. Barclays cut shares of Allegion from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $122.00 to $116.00 in a report on Tuesday, June 4th. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. UBS Group upped 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. Wells Fargo & Company cut Allegion from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $139.00 to $140.00 in a research report on Wednesday, February 21st. Finally, Mizuho lowered shares of Allegion from a “buy” rating to a “neutral” rating and upped their price target for the company from $140.00 to $141.00 in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $126.83.

Read Our Latest Research Report on Allegion

Allegion Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.