First Hawaiian Bank Purchases 110 Shares of Allegion plc (NYSE:ALLE)

First Hawaiian Bank grew its position in Allegion plc (NYSE:ALLE) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,861 shares of the scientific and technical instruments company’s stock after acquiring an additional 110 shares during the quarter. First Hawaiian Bank’s holdings in Allegion were worth $251,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ALLE. Schechter Investment Advisors LLC boosted its stake in Allegion by 3.9% during the fourth quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after buying an additional 97 shares in the last quarter. Allworth Financial LP boosted its position in shares of Allegion by 11.8% during the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock valued at $124,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. increased its stake in Allegion by 5.4% in the third quarter. iA Global Asset Management Inc. now owns 2,200 shares of the scientific and technical instruments company’s stock valued at $229,000 after acquiring an additional 112 shares during the period. Canandaigua National Bank & Trust Co. raised its position in Allegion by 3.3% in the first quarter. Canandaigua National Bank & Trust Co. now owns 3,672 shares of the scientific and technical instruments company’s stock worth $495,000 after purchasing an additional 116 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Allegion by 20.9% during the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 132 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd. Finally, Barclays downgraded shares of Allegion from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $122.00 to $116.00 in a research note on Tuesday, June 4th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $126.83.

Allegion Price Performance

Allegion stock opened at $116.23 on Friday. The business’s fifty day moving average is $122.13 and its two-hundred day moving average is $124.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.87 and a current ratio of 1.31. The firm has a market cap of $10.16 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.64 and a beta of 1.16. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $893.90 million for the quarter, compared to the consensus estimate of $888.27 million. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The firm’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.58 EPS. Equities research analysts forecast that Allegion plc will post 7.09 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, June 14th. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,194 shares of Allegion stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the completion of the sale, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,354,343.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

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.