Wilen Investment Management CORP. trimmed its stake in Allegion PLC (NYSE:ALLE) by 3.4% in the 1st quarter, Holdings Channel reports. The firm owned 5,575 shares of the scientific and technical instruments company’s stock after selling 199 shares during the period. Wilen Investment Management CORP.’s holdings in Allegion were worth $502,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Advisor Partners LLC lifted its stake in shares of Allegion by 3.8% during the 1st quarter. Advisor Partners LLC now owns 2,984 shares of the scientific and technical instruments company’s stock worth $271,000 after acquiring an additional 109 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Allegion by 1.4% during the 4th quarter. LPL Financial LLC now owns 8,051 shares of the scientific and technical instruments company’s stock worth $642,000 after acquiring an additional 111 shares during the last quarter. Eaton Vance Management raised its position in Allegion by 1.1% during the 4th quarter. Eaton Vance Management now owns 11,847 shares of the scientific and technical instruments company’s stock valued at $944,000 after purchasing an additional 125 shares in the last quarter. Commonwealth Equity Services LLC raised its position in Allegion by 2.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 5,120 shares of the scientific and technical instruments company’s stock valued at $464,000 after purchasing an additional 136 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in Allegion by 0.4% during the 1st quarter. Retirement Systems of Alabama now owns 43,985 shares of the scientific and technical instruments company’s stock valued at $3,990,000 after purchasing an additional 173 shares in the last quarter. 93.56% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Jeffrey M. Wood sold 5,357 shares of the business’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $99.17, for a total transaction of $531,253.69. Following the transaction, the senior vice president now directly owns 6,642 shares in the company, valued at approximately $658,687.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Douglas P. Ranck sold 3,036 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $104.64, for a total value of $317,687.04. Following the transaction, the chief accounting officer now owns 5,442 shares in the company, valued at $569,450.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,611 shares of company stock worth $1,498,349. 0.77% of the stock is owned by company insiders.

ALLE stock traded down $0.66 on Friday, hitting $104.65. 7,866 shares of the company’s stock were exchanged, compared to its average volume of 836,732. Allegion PLC has a 12-month low of $74.83 and a 12-month high of $105.99. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.75 and a quick ratio of 1.14. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.96 and a beta of 1.14.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Allegion had a return on equity of 72.88% and a net margin of 15.97%. The firm had revenue of $655.00 million for the quarter, compared to the consensus estimate of $654.66 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, equities research analysts anticipate that Allegion PLC will post 4.85 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.03%. Allegion’s dividend payout ratio (DPR) is 24.00%.

A number of equities research analysts have weighed in on ALLE shares. Bank of America lifted their target price on Allegion from $114.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday. ValuEngine raised Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Morgan Stanley set a $92.00 target price on Allegion and gave the company a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Allegion from a “sell” rating to a “hold” rating in a research report on Tuesday, February 19th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $102.00 target price (up from $96.00) on shares of Allegion in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $99.71.

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Allegion Company Profile

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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