Allegion plc (NYSE:ALLE) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP reduced its stake in Allegion plc (NYSE:ALLE - Free Report) by 91.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,162 shares of the scientific and technical instruments company's stock after selling 47,146 shares during the quarter. Mirabella Financial Services LLP's holdings in Allegion were worth $544,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC purchased a new stake in shares of Allegion in the fourth quarter valued at about $28,000. Atala Financial Inc acquired a new position in Allegion in the 4th quarter valued at about $35,000. GeoWealth Management LLC grew its stake in shares of Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 223 shares during the period. Private Trust Co. NA increased its holdings in shares of Allegion by 56.1% during the 4th 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 during the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of Allegion by 78.0% during 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 buying an additional 170 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 business's stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This 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 worth $406,636 in the last 90 days. Corporate insiders own 0.33% of the company's stock.

Allegion Stock Down 2.2 %

Allegion stock traded down $3.01 during mid-day trading on Friday, reaching $136.50. 1,052,854 shares of the company's stock were exchanged, compared to its average volume of 831,509. The company has a fifty day moving average of $127.05 and a 200-day moving average of $133.84. The company has a market cap of $11.76 billion, a P/E ratio of 20.01, a P/E/G ratio of 3.97 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. Sell-side analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 dividend on an annualized basis and a yield of 1.49%. Allegion's dividend payout ratio is currently 29.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ALLE shares. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays boosted their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday. Robert W. Baird increased their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday. Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $140.40.

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.