Allegion plc (NYSE:ALLE) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. reduced its position in Allegion plc (NYSE:ALLE - Free Report) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,768 shares of the scientific and technical instruments company's stock after selling 12,020 shares during the quarter. Franklin Resources Inc. owned 0.06% of Allegion worth $7,438,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. lifted its position in shares of Allegion by 61.0% during the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock valued at $27,000 after buying an additional 72 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Allegion during the third quarter valued at approximately $28,000. Concord Wealth Partners acquired a new stake in Allegion in the third quarter valued at approximately $29,000. Cromwell Holdings LLC grew its holdings in Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Crewe Advisors LLC grew its holdings in Allegion by 160.2% in the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 149 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Allegion Stock Performance

Shares of ALLE stock traded down $0.05 during mid-day trading on Monday, reaching $132.13. The stock had a trading volume of 588,920 shares, compared to its average volume of 735,650. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 3.35 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business's fifty day moving average is $141.48 and its 200-day moving average is $134.74.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the company earned $1.94 EPS. Allegion's quarterly revenue was up 5.4% on a year-over-year basis. On average, research analysts forecast that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. Allegion's dividend payout ratio is presently 29.49%.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of recent analyst reports. Barclays raised their price objective on Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. Wells Fargo & Company increased their price target on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Finally, Mizuho increased their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $144.60.

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.