Allegion plc (NYSE:ALLE) Shares Purchased by Pictet Asset Management SA

Pictet Asset Management SA lifted its position in Allegion plc (NYSE:ALLEGet Rating) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,387,485 shares of the scientific and technical instruments company’s stock after buying an additional 225,410 shares during the quarter. Pictet Asset Management SA owned approximately 3.78% of Allegion worth $448,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of ALLE. Exchange Traded Concepts LLC lifted its holdings in Allegion by 54.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 263 shares of the scientific and technical instruments company’s stock worth $35,000 after buying an additional 93 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in Allegion by 2,621.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 381 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 367 shares during the period. Lindbrook Capital LLC increased its stake in Allegion by 270.2% during the fourth quarter. Lindbrook Capital LLC now owns 385 shares of the scientific and technical instruments company’s stock valued at $51,000 after acquiring an additional 281 shares during the period. Liberty Wealth Management LLC boosted its holdings in Allegion by 71.6% during the third quarter. Liberty Wealth Management LLC now owns 386 shares of the scientific and technical instruments company’s stock valued at $51,000 after purchasing an additional 161 shares in the last quarter. Finally, Widmann Financial Services Inc. acquired a new position in shares of Allegion in the 4th quarter worth approximately $77,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of ALLE stock traded up $2.58 during mid-day trading on Thursday, reaching $111.18. 800,896 shares of the company’s stock traded hands, compared to its average volume of 789,724. The company has a quick ratio of 1.16, a current ratio of 1.85 and a debt-to-equity ratio of 1.92. The company’s 50-day moving average price is $112.71 and its 200-day moving average price is $121.31. Allegion plc has a 12 month low of $105.06 and a 12 month high of $148.70. The company has a market cap of $9.76 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.21 and a beta of 1.03.

Allegion (NYSE:ALLEGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The scientific and technical instruments company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.09. The business had revenue of $723.60 million during the quarter, compared to analysts’ expectations of $709.67 million. Allegion had a net margin of 16.15% and a return on equity of 57.54%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $1.20 EPS. Equities analysts predict that Allegion plc will post 5.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th will be issued a $0.41 dividend. The ex-dividend date is Wednesday, June 15th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.48%. Allegion’s dividend payout ratio (DPR) is 31.48%.

In other Allegion news, SVP Tracy L. Kemp sold 2,544 shares of the business’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $112.55, for a total value of $286,327.20. Following the completion of the transaction, the senior vice president now directly owns 10,379 shares of the company’s stock, valued at $1,168,156.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jeffrey N. Braun sold 2,186 shares of Allegion stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $114.02, for a total value of $249,247.72. Following the sale, the senior vice president now directly owns 12,988 shares of the company’s stock, valued at approximately $1,480,891.76. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

Several brokerages have recently issued reports on ALLE. Robert W. Baird decreased their price target on Allegion from $140.00 to $135.00 in a research note on Wednesday, April 20th. StockNews.com began coverage on Allegion in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Barclays decreased their price target on shares of Allegion from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. William Blair reissued a “market perform” rating on shares of Allegion in a research report on Tuesday, April 26th. Finally, Wells Fargo & Company dropped their price target on Allegion from $157.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, February 16th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $142.40.

Allegion Company Profile (Get Rating)

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, 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 and door systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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