Posted by Bryan LeMar am June 15th,
Sei Investments Co. increased its stake in Allegion plc (NYSE: ALL) by 18.7% in the first quarter, Holdings Channel reports. The fund owned 140,885 shares of scientific and stocks in the company’s technical instruments after purchasing an additional 36,492 shares during the period. Sei Investments Co.’s holdings in Allegion were $ 25,650.02 since its last filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have recently added or reduced their stakes in the business. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its stake in Allegion by 0.4% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 17.906 shares of the company’s scientific and technical shares worth USD 2 250.02 after purchasing an additional 89 shares in the last quarter. Cigna Investments Inc. New increased its stake in Allegion shares by 2.7% in the first quarter. Cigna Investments Inc. New now owns 3,268 shares in the Scientific and Technical Instruments Company valued at $ 472.02 after purchasing an additional 90 shares last quarter. The Arizona State Retirement System increased its stake in Allegion by 0.3% in the first quarter. Arizona State Retirement System now owns 26,537 shares of the company’s scientific and technical instruments stock valued at $ 3 292.02 after purchasing an additional 90 shares last quarter. Kalos Management Inc. increased its stake in Allegion shares by 1.3% in the fourth quarter. Kalos Management Inc. now owns 7.537 shares of the company’s scientific and technical instruments stock valued at $ 885.02 after purchasing an additional 101 shares last quarter. Finally, Xponance Inc. increased its stake in Allegion by 1.0% in the first quarter. Xponance Inc. now owns 13,167 shares in the scientific and engineering instruments company valued at $ 1,334.04 after purchasing an additional 99 shares last quarter. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Allegion shares opened at $ 139.70 on Friday. The business 50 daily moving average price is $ 139.49. The company has a quick ratio of 1. 55, a current ratio of 2. 07, and a debt to equity ratio of 1. 94. The company has a market capitalization of $ 012.48 billion, a price to earnings ratio of 36.30, a PEG ratio of 4. 67 and a beta of 1. 21. Allegion plc has a 1-year low of $ 94.01 and a 1-year High from $ 144.72.
Allegion (NYSE: ALL) last released its quarterly results on Wednesday, April 26th. The scientific and engineering instruments company reported $ 1. 18 EPS for the quarter, beating Zacks’ consensus estimate of $ 1.10 from $ 0.20. The firm had revenues of $ 650.37 million for the quarter compared to analyst estimates of $ 537.40 million. Allegion had a net margin of 17.40% and a return on equity of 65.38%. The company’s revenue increased 2.9% for the quarter compared to the same quarter last year. In the same quarter last year, the company made $ 1. 07 EPS. As a group, research analysts believe Allegion plc will post 5. 19 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 35th. Shareholders on Wednesday June 17 will be issued a $ 0.30 dividend. This corresponds to a $. 49 dividend on an annual basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, June 14th. Allegion’s payout percentage is 25.17%.
In other news, VP Timothy P. Eckersley sold 1901 shares of the stock in a transaction on Tuesday, May 26th. The shares were priced at an average price of $ 139,059, for a total value of $ 250,492.02. Following the transaction, the Vice President now owns 36,906 shares of the company valued at approximately $ 5.0 15,537. 13. The sale was announced in a legal filing with the Securities & Exchange Commission, available through this link. Additionally, Vice President Timothy P. Eckersley sold 3,492 shares of the stock in a transaction on Friday, May 26th. The stock was priced at an average price of $ 144.94, a total transaction of $ 492,885.07. Upon completion of the transaction, the Vice President now directly owns 40,492 shares in the company valued at approximately $ 5,292.63. 63. The disclosure for this sale can be found here. 0.67% of the shares are owned by company insiders.
A number of brokerage firms have recently commented on ALL. Longbow Research upgraded Allegion’s stock from a “neutral” rating to a “buy” rating in a research release on Tuesday, March. th. Zacks Investment Research has downgraded Allegion’s stock from a “buy” rating to a “hold” rating and has a $ 114,000 price target on the stock. in a research note on Friday, February 18th. Barclays upgraded Allegion stock from an “underweight” rating to an “overweight” rating and raised its price target on the stock from $ 107.02 to $ 150,000 in a report on Tuesday April 6th. Eventually, Morgan Stanley raised its target price on Allegion shares from $ 139,0000 to $ 150,0000 and gave the stock an “equilibrium” rating in a report on Monday. April 28th. Five investment analysts have given the stock a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $ 136.16.
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, lock sets, portable locks and key systems; Time, attendance and employee productivity systems; and other accessories.
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