Natixis Advisors LLC Sells 26,766 Shares of Allegion plc (NYSE:ALLE)

Natixis Advisors LLC cut its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 24.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,767 shares of the scientific and technical instruments company's stock after selling 26,766 shares during the period. Natixis Advisors LLC owned about 0.10% of Allegion worth $10,947,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter valued at about $28,000. Atala Financial Inc bought a new position in Allegion in the fourth quarter worth about $35,000. Private Trust Co. NA lifted its holdings in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after acquiring an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its holdings in Allegion by 78.0% in the fourth 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 last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 101 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALLE. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Wells Fargo & Company dropped their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on Allegion from $134.00 to $130.00 and set an "underweight" rating on the stock in a report on Wednesday, February 19th. One investment 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, the stock has an average rating of "Hold" and a consensus price target of $138.33.

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Insiders Place Their Bets

In other 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 transaction of $50,254.10. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the transaction, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,224 shares of company stock worth $406,636. Corporate insiders own 0.33% of the company's stock.

Allegion Price Performance

Allegion stock traded down $0.61 during mid-day trading on Friday, hitting $127.11. The company's stock had a trading volume of 642,312 shares, compared to its average volume of 717,253. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $10.97 billion, a P/E ratio of 18.64, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock's fifty day moving average price is $129.66 and its two-hundred day moving average price is $136.54.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share 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 firm had revenue of $945.60 million for the quarter, compared to analysts' expectations of $938.91 million. Research analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.60%. This is a boost from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Allegion's payout ratio is presently 29.91%.

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.