Stifel Financial Corp Has $6.41 Million Stake in Allegion PLC (ALLE)

Stifel Financial Corp grew its holdings in shares of Allegion PLC (NYSE:ALLE) by 24.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,474 shares of the scientific and technical instruments company’s stock after buying an additional 15,594 shares during the quarter. Stifel Financial Corp owned 0.08% of Allegion worth $6,405,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of Allegion by 1.7% during the third quarter. Wells Fargo & Company MN now owns 318,074 shares of the scientific and technical instruments company’s stock worth $28,808,000 after buying an additional 5,385 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Allegion by 84.8% during the third quarter. Janney Montgomery Scott LLC now owns 14,100 shares of the scientific and technical instruments company’s stock worth $1,277,000 after buying an additional 6,471 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Allegion by 363.3% during the third quarter. SG Americas Securities LLC now owns 27,604 shares of the scientific and technical instruments company’s stock worth $2,500,000 after buying an additional 21,646 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Allegion by 1.1% during the third quarter. Toronto Dominion Bank now owns 61,742 shares of the scientific and technical instruments company’s stock worth $5,591,000 after buying an additional 676 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Allegion by 12.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 13,490 shares of the scientific and technical instruments company’s stock worth $1,222,000 after buying an additional 1,440 shares in the last quarter. 94.47% of the stock is currently owned by hedge funds and other institutional investors.

In other Allegion news, VP Chris E. Muhlenkamp sold 618 shares of Allegion stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $91.56, for a total value of $56,584.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Chris E. Muhlenkamp sold 12,034 shares of Allegion stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $88.96, for a total value of $1,070,544.64. Following the completion of the transaction, the vice president now owns 27,289 shares in the company, valued at approximately $2,427,629.44. The disclosure for this sale can be found here. Insiders sold 67,129 shares of company stock worth $5,928,592 in the last 90 days. 0.75% of the stock is owned by company insiders.

Shares of NYSE ALLE opened at $88.90 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.25 and a debt-to-equity ratio of 2.16. Allegion PLC has a 52 week low of $73.85 and a 52 week high of $94.30. The firm has a market capitalization of $8.29 billion, a P/E ratio of 19.76, a P/E/G ratio of 2.56 and a beta of 1.18.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.01. Allegion had a return on equity of 77.42% and a net margin of 15.92%. The company had revenue of $702.40 million for the quarter, compared to analysts’ expectations of $703.17 million. During the same quarter last year, the business earned $1.11 earnings per share. Allegion’s revenue was up 12.7% on a year-over-year basis. As a group, equities analysts anticipate that Allegion PLC will post 4.86 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Allegion’s previous quarterly dividend of $0.21. Allegion’s dividend payout ratio (DPR) is presently 24.00%.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Allegion from a “sell” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine downgraded Allegion from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Goldman Sachs Group downgraded Allegion from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $98.00 to $92.00 in a report on Wednesday, February 20th. Finally, Morgan Stanley set a $92.00 target price on Allegion and gave the stock a “hold” rating in a report on Wednesday, February 20th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $94.40.

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About Allegion

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, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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