Guggenheim Capital LLC Has $1.04 Million Holdings in Allegion plc (NYSE:ALLE)

Guggenheim Capital LLC decreased its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 63.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,945 shares of the scientific and technical instruments company's stock after selling 13,596 shares during the period. Guggenheim Capital LLC's holdings in Allegion were worth $1,038,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Millstone Evans Group LLC acquired a new position in Allegion during the fourth quarter valued at approximately $28,000. Atala Financial Inc bought a new stake in shares of Allegion during the 4th quarter worth $35,000. Private Trust Co. NA grew its stake in Allegion by 56.1% in 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 buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in 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 worth $51,000 after acquiring an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 worth $53,000 after acquiring an additional 101 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 2.9 %

Shares of ALLE stock opened at $126.88 on Wednesday. Allegion plc has a one year low of $113.27 and a one year high of $156.10. 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 stock has a fifty day moving average price of $127.08 and a 200 day moving average price of $133.93. The stock has a market cap of $10.95 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

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 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. Allegion's dividend payout ratio is currently 29.91%.

Analyst Ratings Changes

ALLE has been the topic of a number of recent analyst reports. Barclays dropped their price objective on Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research note 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 report on Wednesday, February 19th. Morgan Stanley raised their price objective 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. Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $138.80.

Insider Transactions at Allegion

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

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.

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