Allegion plc (NYSE:ALLE) Shares Acquired by FIL Ltd

FIL Ltd lifted its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 46.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 287,555 shares of the scientific and technical instruments company's stock after acquiring an additional 91,223 shares during the quarter. FIL Ltd owned 0.33% of Allegion worth $37,578,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Millstone Evans Group LLC bought a new position in shares of Allegion in the 4th quarter worth approximately $28,000. Atala Financial Inc bought a new position in Allegion in the 4th quarter worth $35,000. Private Trust Co. NA lifted its holdings in shares of Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after buying an additional 115 shares in the last quarter. Tortoise Investment Management LLC lifted its position in Allegion by 78.0% during the fourth 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 last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Barclays lowered 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. 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 report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, Allegion has a consensus rating of "Hold" and an average price target of $137.67.

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Insider Buying and Selling at Allegion

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

Allegion Trading Up 0.9 %

Shares of ALLE traded up $1.09 on Monday, reaching $126.24. 758,018 shares of the company's stock were exchanged, compared to its average volume of 812,498. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The business has a 50 day moving average price of $127.72 and a two-hundred day moving average price of $134.80. The stock has a market capitalization of $10.89 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.11. The business had revenue of $945.60 million for 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%. Research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.62%. Allegion's payout ratio is 29.91%.

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.