National Bank of Canada FI Cuts Stock Position in Allegion plc (NYSE:ALLE)

National Bank of Canada FI decreased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,952 shares of the scientific and technical instruments company's stock after selling 3,359 shares during the quarter. National Bank of Canada FI owned 0.07% of Allegion worth $8,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ALLE. Millstone Evans Group LLC acquired a new position in shares of Allegion during the 4th quarter worth $28,000. Atala Financial Inc acquired a new position in Allegion during the fourth quarter worth about $35,000. Private Trust Co. NA boosted its stake in shares of 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 purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC grew its holdings 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 purchasing an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased 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 purchasing an additional 101 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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Allegion Trading Down 3.2 %

Shares of NYSE:ALLE traded down $4.03 during midday trading on Thursday, reaching $120.62. The company's stock had a trading volume of 297,530 shares, compared to its average volume of 803,658. The firm has a 50 day moving average price of $127.92 and a two-hundred day moving average price of $135.14. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. As a group, analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This is an increase from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend was Friday, March 14th. Allegion's dividend payout ratio is 29.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird cut their target price on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley upped their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Barclays cut their price target on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Allegion presently has a consensus rating of "Hold" and a consensus target price of $137.67.

Insider Buying and Selling at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,224 shares of company stock valued at $406,636. Company insiders own 0.33% of the company's stock.

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.