ST Germain D J Co. Inc. Sells 111 Shares of Allegion plc (NYSE:ALLE)

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

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Allegion by 55.8% during the 4th quarter. Blue Trust Inc. now owns 779 shares of the scientific and technical instruments company’s stock valued at $102,000 after purchasing an additional 279 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Allegion by 3.9% during the fourth quarter. DAVENPORT & Co LLC now owns 4,534 shares of the scientific and technical instruments company’s stock valued at $593,000 after buying an additional 170 shares during the period. Stratos Wealth Partners LTD. grew its stake in shares of Allegion by 7.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 6,538 shares of the scientific and technical instruments company’s stock valued at $854,000 after buying an additional 426 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Allegion by 31.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,525 shares of the scientific and technical instruments company’s stock worth $1,387,000 after buying an additional 2,525 shares during the period. Finally, Choreo LLC bought a new stake in shares of Allegion during the 4th quarter worth approximately $209,000. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

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

Allegion Price Performance

NYSE ALLE opened at $138.27 on Thursday. The company has a market cap of $11.90 billion, a PE ratio of 20.27, a P/E/G ratio of 3.97 and a beta of 1.02. The firm’s 50 day moving average price is $134.60 and its 200-day moving average price is $133.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

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

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company cut their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Wall Street Zen cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Robert W. Baird lifted 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. Finally, Barclays upped their target price on shares of Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and an average target price of $140.40.

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.