Quadrant Capital Group LLC Trims Stake in Allegion plc (NYSE:ALLE)

Quadrant Capital Group LLC lowered its stake in Allegion plc (NYSE:ALLE) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 465 shares of the scientific and technical instruments company’s stock after selling 114 shares during the quarter. Quadrant Capital Group LLC’s holdings in Allegion were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ALLE. Eagle Bay Advisors LLC grew its holdings in Allegion by 103.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,245 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 633 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Allegion by 10.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,528 shares of the scientific and technical instruments company’s stock valued at $447,000 after acquiring an additional 329 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Allegion by 0.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 61,905 shares of the scientific and technical instruments company’s stock worth $7,843,000 after purchasing an additional 185 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Allegion during the 4th quarter valued at about $120,959,000. Finally, Partnership Wealth Management LLC purchased a new position in shares of Allegion during the fourth quarter valued at about $223,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Stock Up 0.9 %

Shares of Allegion stock opened at $122.60 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. The company has a market cap of $10.72 billion, a P/E ratio of 20.00, a PEG ratio of 3.86 and a beta of 1.14. The firm’s 50 day moving average price is $127.80 and its 200-day moving average price is $123.25. Allegion plc has a 52-week low of $95.94 and a 52-week high of $136.91.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating 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 the consensus estimate of $888.27 million. During the same period last year, the firm earned $1.58 earnings per share. Allegion’s revenue was down 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Allegion plc will post 7.08 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, June 14th. This represents a $1.92 annualized dividend and a dividend yield of 1.57%. Allegion’s dividend payout ratio is presently 31.32%.

Insider Activity

In other news, VP Timothy P. Eckersley sold 5,047 shares of the 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 approximately $4,623,354.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

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

Allegion 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.