Los Angeles Capital Management LLC Trims Position in Allegion plc (NYSE:ALLE)

Los Angeles Capital Management LLC trimmed its holdings in shares of Allegion plc (NYSE:ALLE) by 37.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,388 shares of the scientific and technical instruments company’s stock after selling 82,737 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of Allegion worth $17,659,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ALLE. CVA Family Office LLC bought a new stake in shares of Allegion during the 4th quarter valued at $28,000. Ancora Advisors LLC grew its position in shares of Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 230 shares in the last quarter. Headinvest LLC purchased a new position in Allegion in the 3rd quarter worth approximately $48,000. Itau Unibanco Holding S.A. bought a new position in Allegion in the 3rd quarter worth approximately $60,000. Finally, Signaturefd LLC raised its position in shares of Allegion by 37.9% during the third quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 174 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Trading Up 0.5 %

Allegion stock traded up $0.62 during midday trading on Friday, reaching $122.88. The stock had a trading volume of 603,785 shares, compared to its average volume of 587,880. Allegion plc has a 52-week low of $95.94 and a 52-week high of $136.91. The company has a fifty day moving average of $129.31 and a 200 day moving average of $120.27. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 4.36 and a beta of 1.14. 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 (NYSE:ALLE) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The company had revenue of $893.90 million during the quarter, compared to analysts’ expectations of $888.27 million. During the same quarter in the previous year, the business earned $1.58 EPS. Allegion’s revenue was down 3.2% compared to the same quarter last year. On average, analysts anticipate that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s dividend payout ratio is presently 31.32%.

Analyst Ratings Changes

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

Insider Activity at Allegion

In related 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 value of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares in the company, valued at $4,623,354.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the company’s stock in a transaction 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 completion of the sale, the vice president now owns 35,567 shares in the company, valued at $4,623,354.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Robert C. Martens sold 5,391 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the sale, the senior vice president now owns 7,555 shares of the company’s stock, valued at $1,003,606.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

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.