Weatherly Asset Management L. P. Sells 328 Shares of Allegion plc (NYSE:ALLE)

Weatherly Asset Management L. P. lowered its stake in Allegion plc (NYSE:ALLE – Get Rating) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,408 shares of the scientific and technical instruments company’s stock after selling 328 shares during the period. Weatherly Asset Management L. P.’s holdings in Allegion were worth $569,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its stake in Allegion by 27.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock valued at $996,000 after acquiring an additional 1,944 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Allegion by 11.8% in the 1st quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock valued at $639,000 after purchasing an additional 614 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Allegion by 7.9% during the 1st quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock worth $759,000 after buying an additional 510 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Allegion by 35.2% during the 1st quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock worth $229,000 after buying an additional 544 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Allegion by 88.3% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock worth $366,000 after buying an additional 1,564 shares during the last quarter. Institutional investors and hedge funds own 92.78% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $103.32 on Friday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.53 and a beta of 1.10. Allegion plc has a twelve month low of $87.33 and a twelve month high of $123.46. The company’s fifty day moving average is $114.19 and its 200 day moving average is $106.26. The company has a quick ratio of 1.05, a current ratio of 1.73 and a debt-to-equity ratio of 2.20.

Allegion (NYSE:ALLE – Get Rating) last announced its earnings results on Wednesday, February 22nd. The scientific and technical instruments company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.38 by $0.22. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $849.15 million. Allegion had a return on equity of 61.54% and a net margin of 14.00%. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.11 EPS. Sell-side analysts forecast that Allegion plc will post 6.36 EPS for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 15th will be issued a $0.45 dividend. The ex-dividend date is Tuesday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 1.74%. Allegion’s dividend payout ratio is presently 34.75%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Vertical Research upgraded Allegion from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Tuesday, January 3rd. Mizuho upped their price objective on shares of Allegion from $123.00 to $128.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. TheStreet upgraded shares of Allegion from a “c+” rating to a “b-” rating in a research report on Wednesday, November 23rd. Barclays boosted their target price on shares of Allegion from $127.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, January 5th. Finally, Morgan Stanley increased their price target on Allegion from $108.00 to $119.00 and gave the company an “equal weight” rating in a research note on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Allegion has an average rating of “Hold” and an average price target of $122.78.

Allegion Company Profile

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Allegion Plc engages in the provision of security products and solutions that keep people safe, secure, and productive. It operates through the Allegion Americas and Allegion International segments. Its brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.