Aviva PLC Has $13.91 Million Stake in Allegion plc (NYSE:ALLE)

Aviva PLC trimmed its stake in Allegion plc (NYSE:ALLE - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 106,440 shares of the scientific and technical instruments company's stock after selling 5,897 shares during the quarter. Aviva PLC owned approximately 0.12% of Allegion worth $13,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Millstone Evans Group LLC purchased a new position in Allegion in the 4th quarter worth about $28,000. Atala Financial Inc purchased a new position in shares of Allegion in the fourth quarter worth approximately $35,000. Private Trust Co. NA raised its holdings in shares of Allegion by 56.1% during the fourth 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 during the period. Tortoise Investment Management LLC lifted its position 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 acquiring an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Allegion by 33.6% in the 4th 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 during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALLE. Barclays reduced their target price on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a report on Wednesday, March 26th. Robert W. Baird reduced their price objective on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company lowered their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $137.67.

Allegion Stock Up 2.4 %

ALLE traded up $2.94 during midday trading on Friday, hitting $125.02. 1,115,059 shares of the company's stock traded hands, compared to its average volume of 812,706. 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 company has a market cap of $10.79 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The stock's fifty day simple moving average is $127.72 and its 200-day simple moving average is $134.80.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, equities analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.63%. Allegion's dividend payout ratio (DPR) is currently 29.91%.

Allegion Company 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.