Bokf Na Decreases Stake in Allegion plc (NYSE:ALLE)

Bokf Na reduced its stake in Allegion plc (NYSE:ALLE) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Crossmark Global Holdings Inc. raised its position in 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 worth $310,000 after buying an additional 92 shares during the last quarter. Pitcairn Co. lifted its position in Allegion by 3.5% during the first 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 period. First Hawaiian Bank grew its position in Allegion by 6.3% during the 1st quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock worth $251,000 after purchasing an additional 110 shares during the period. Canandaigua National Bank & Trust Co. raised its stake 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 valued at $495,000 after buying an additional 116 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Allegion by 3.9% in 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Allegion Trading Up 1.5 %

Shares of Allegion stock 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. Allegion plc has a twelve month low of $95.94 and a twelve month high of $141.99. The firm has a market capitalization of $12.30 billion, a PE ratio of 23.03, a P/E/G ratio of 4.21 and a beta of 1.12. The firm’s 50-day moving average price is $131.41 and its 200 day moving average price is $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. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. During the same quarter last year, the business posted $1.76 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Friday, September 20th. Allegion’s dividend payout ratio is currently 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.