TD Private Client Wealth LLC Sells 3,874 Shares of Allegion plc (NYSE:ALLE)

TD Private Client Wealth LLC lowered its stake in Allegion plc (NYSE:ALLE - Free Report) by 19.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,823 shares of the scientific and technical instruments company's stock after selling 3,874 shares during the quarter. TD Private Client Wealth LLC's holdings in Allegion were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of Allegion during the third quarter valued at $28,000. Atala Financial Inc acquired a new stake in Allegion during the 4th quarter worth about $35,000. Private Trust Co. NA grew its stake in Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 115 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after purchasing an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

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Allegion Stock Performance

Shares of ALLE stock traded up $0.85 during trading on Wednesday, reaching $130.44. The company had a trading volume of 978,138 shares, compared to its average volume of 731,096. The company has a market capitalization of $11.26 billion, a PE ratio of 19.13, a PEG ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The firm's 50 day simple moving average is $129.70 and its two-hundred day simple moving average is $136.34. Allegion plc has a one year low of $113.27 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. Sell-side analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. This is a boost from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Allegion's dividend payout ratio is 29.91%.

Insider Activity

In other Allegion news, Director Gregg C. Sengstack acquired 8,000 shares of Allegion stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the transaction, the director now owns 8,000 shares of the company's stock, valued at $1,001,920. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research reports. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays cut their price target on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company lowered their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. One 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, Allegion currently has a consensus rating of "Hold" and a consensus price target of $137.67.

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.