Allegion plc (NYSE:ALLE) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. cut its stake in Allegion plc (NYSE:ALLE) by 13.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 687 shares of the scientific and technical instruments company’s stock after selling 111 shares during the period. ST Germain D J Co. Inc.’s holdings in Allegion were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Millstone Evans Group LLC acquired a new stake in shares of Allegion during the fourth quarter worth $28,000. Colonial Trust Co SC raised its stake in Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Atala Financial Inc acquired a new stake in Allegion during the 4th quarter worth about $35,000. GeoWealth Management LLC grew its stake in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 115 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now directly owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on ALLE. Barclays lifted their target price on Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a report on Friday, April 25th. Wells Fargo & Company decreased their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Wall Street Zen lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $140.40.

Allegion Trading Down 0.6%

Shares of NYSE:ALLE opened at $138.27 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The business has a 50 day moving average of $134.60 and a two-hundred day moving average of $133.10. The company has a market capitalization of $11.90 billion, a PE ratio of 20.27, a PEG ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. During the same period in the previous year, the firm earned $1.55 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. Allegion’s dividend payout ratio (DPR) is currently 28.65%.

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.