Handelsbanken Fonder AB Acquires 20,010 Shares of Allegion (ALLE)

Handelsbanken Fonder AB boosted its holdings in shares of Allegion (NYSE:ALLE) by 2.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 706,010 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,010 shares during the period. Allegion accounts for about 1.3% of Handelsbanken Fonder AB’s investment portfolio, making the stock its 21st largest holding. Handelsbanken Fonder AB owned about 0.74% of Allegion worth $60,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. OppenheimerFunds Inc. raised its holdings in shares of Allegion by 17.6% during the fourth quarter. OppenheimerFunds Inc. now owns 4,554 shares of the scientific and technical instruments company’s stock valued at $362,000 after purchasing an additional 680 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Allegion by 109.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,326 shares of the scientific and technical instruments company’s stock valued at $105,000 after buying an additional 692 shares during the period. HighVista Strategies LLC grew its position in Allegion by 17.9% during the first quarter. HighVista Strategies LLC now owns 4,600 shares of the scientific and technical instruments company’s stock valued at $392,000 after buying an additional 700 shares during the period. Crossmark Global Holdings Inc. grew its position in Allegion by 9.9% during the fourth quarter. Crossmark Global Holdings Inc. now owns 7,798 shares of the scientific and technical instruments company’s stock valued at $620,000 after buying an additional 704 shares during the period. Finally, Meadow Creek Investment Management LLC grew its position in Allegion by 13.5% during the fourth quarter. Meadow Creek Investment Management LLC now owns 6,608 shares of the scientific and technical instruments company’s stock valued at $526,000 after buying an additional 784 shares during the period. 87.95% of the stock is owned by institutional investors.

ALLE has been the subject of several recent research reports. Barclays restated an “overweight” rating and set a $103.00 target price (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Wells Fargo & Co restated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Imperial Capital restated an “outperform” rating and set a $94.00 target price (up from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 target price for the company in a research report on Thursday, February 22nd. Finally, Berenberg Bank lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Allegion presently has an average rating of “Hold” and a consensus target price of $94.60.



Allegion opened at $81.48 on Tuesday, according to Marketbeat Ratings. Allegion has a 1-year low of $73.85 and a 1-year high of $89.81. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.43 and a beta of 1.05. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.78 and a quick ratio of 1.17.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, April 26th. The scientific and technical instruments company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.04). Allegion had a net margin of 11.21% and a return on equity of 102.62%. The company had revenue of $613.10 million for the quarter, compared to analysts’ expectations of $605.47 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. equities research analysts anticipate that Allegion will post 4.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, June 14th. Allegion’s dividend payout ratio is 21.21%.

Allegion Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply