Allegion plc (NYSE:ALLE) Shares Sold by Bokf Na

Bokf Na lowered its stake in shares of Allegion plc (NYSE:ALLE) by 1.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 10,315 shares of the scientific and technical instruments company’s stock after selling 151 shares during the quarter. Bokf Na’s holdings in Allegion were worth $1,219,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ALLE. Crossmark Global Holdings Inc. boosted its position in shares of Allegion by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 92 shares during the last quarter. Pitcairn Co. boosted its holdings in Allegion by 3.5% in the 1st quarter. Pitcairn Co. now owns 2,784 shares of the scientific and technical instruments company’s stock valued at $375,000 after purchasing an additional 94 shares during the last quarter. First Hawaiian Bank grew its stake in shares of Allegion by 6.3% in the 1st quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock valued at $251,000 after buying an additional 110 shares during the period. Canandaigua National Bank & Trust Co. increased its holdings in shares of Allegion by 3.3% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 3,672 shares of the scientific and technical instruments company’s stock worth $495,000 after buying an additional 116 shares during the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Allegion by 3.9% during the 1st quarter. William Blair Investment Management LLC now owns 3,115 shares of the scientific and technical instruments company’s stock valued at $420,000 after buying an additional 116 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Barclays raised their price objective on Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday, July 25th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $125.40.

Allegion Trading Up 1.5 %

Shares of NYSE ALLE opened at $141.17 on Monday. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $12.30 billion, a PE ratio of 23.03, a PEG ratio of 4.21 and a beta of 1.12. Allegion plc has a twelve month low of $95.94 and a twelve month high of $141.99. The stock has a fifty day simple moving average of $131.41 and a 200-day simple moving average of $127.11.

Allegion (NYSE:ALLE) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The company had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion’s revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.76 EPS. On average, equities analysts forecast that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.36%. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

About Allegion

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.