Franklin Resources Inc. Boosts Stake in Allegion plc (NYSE:ALLE)

Franklin Resources Inc. boosted its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 95.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 97,403 shares of the scientific and technical instruments company's stock after acquiring an additional 47,635 shares during the period. Franklin Resources Inc. owned about 0.11% of Allegion worth $12,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ALLE. Captrust Financial Advisors raised its position in shares of Allegion by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock worth $516,000 after purchasing an additional 96 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Allegion by 323.5% in the third quarter. Benjamin Edwards Inc. now owns 1,512 shares of the scientific and technical instruments company's stock worth $220,000 after acquiring an additional 1,155 shares during the last quarter. Quantinno Capital Management LP lifted its position in shares of Allegion by 48.9% in the third quarter. Quantinno Capital Management LP now owns 9,317 shares of the scientific and technical instruments company's stock valued at $1,358,000 after acquiring an additional 3,061 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Allegion by 1.9% in the third quarter. Stifel Financial Corp now owns 132,693 shares of the scientific and technical instruments company's stock valued at $19,339,000 after acquiring an additional 2,486 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of Allegion by 15.6% during the third quarter. National Bank of Canada FI now owns 68,311 shares of the scientific and technical instruments company's stock valued at $9,956,000 after acquiring an additional 9,231 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

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Insider Buying and Selling at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was 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 $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares of the company's stock, valued at $1,205,820. The trade was a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

Allegion Trading Up 2.4 %

Shares of ALLE traded up $2.94 during mid-day trading on Friday, reaching $125.02. The company had a trading volume of 1,115,059 shares, compared to its average volume of 811,859. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. 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 firm has a fifty day simple moving average of $127.72 and a 200-day simple moving average of $134.87. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

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

Allegion Announces Dividend

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

Analyst Ratings Changes

Several research analysts recently weighed in on ALLE shares. Barclays cut their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. Robert W. Baird cut their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. 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. Finally, Wells Fargo & Company reduced their price target 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. One equities research 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.com, Allegion currently has a consensus rating of "Hold" and a consensus price target of $137.67.

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.