Robeco Institutional Asset Management B.V. decreased its position in shares of Allegion PLC (NYSE:ALLE) by 29.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 762,818 shares of the scientific and technical instruments company’s stock after selling 324,053 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.81% of Allegion worth $69,195,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB bought a new stake in shares of Allegion during the third quarter valued at approximately $83,058,000. BlackRock Inc. raised its stake in shares of Allegion by 14.3% during the fourth quarter. BlackRock Inc. now owns 6,900,253 shares of the scientific and technical instruments company’s stock valued at $550,018,000 after acquiring an additional 861,515 shares in the last quarter. Norges Bank bought a new stake in shares of Allegion during the fourth quarter valued at approximately $67,509,000. Ardevora Asset Management LLP purchased a new position in Allegion during the first quarter valued at approximately $34,796,000. Finally, AKO Capital LLP increased its holdings in Allegion by 31.6% during the fourth quarter. AKO Capital LLP now owns 1,455,574 shares of the scientific and technical instruments company’s stock valued at $116,024,000 after buying an additional 349,663 shares during the period. Hedge funds and other institutional investors own 93.55% of the company’s stock.
In related news, SVP Tracy L. Kemp sold 2,793 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.53, for a total transaction of $252,850.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chris E. Muhlenkamp sold 12,034 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $88.96, for a total transaction of $1,070,544.64. Following the transaction, the vice president now owns 27,289 shares of the company’s stock, valued at approximately $2,427,629.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,395 shares of company stock valued at $2,054,280. Insiders own 0.77% of the company’s stock.
Several brokerages recently issued reports on ALLE. ValuEngine raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Imperial Capital reissued an “in-line” rating and set a $102.00 price objective (up from $96.00) on shares of Allegion in a report on Monday, April 29th. Morgan Stanley set a $100.00 price target on shares of Allegion and gave the stock a “hold” rating in a report on Friday, April 26th. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Goldman Sachs Group lowered shares of Allegion from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $98.00 to $92.00 in a report on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $97.00.
NYSE ALLE traded down $1.03 on Wednesday, reaching $97.79. 610,400 shares of the company’s stock traded hands, compared to its average volume of 765,784. The company has a market capitalization of $9.33 billion, a PE ratio of 21.73, a P/E/G ratio of 1.86 and a beta of 1.20. Allegion PLC has a fifty-two week low of $74.83 and a fifty-two week high of $102.54. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.75 and a quick ratio of 1.14.
Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. 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. Shareholders of record on Friday, June 14th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.10%. Allegion’s dividend payout ratio (DPR) is currently 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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