Ostrum Asset Management Has $432,000 Stock Position in Allegion plc (NYSE:ALLE)

Ostrum Asset Management trimmed its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,305 shares of the scientific and technical instruments company's stock after selling 3,195 shares during the quarter. Ostrum Asset Management's holdings in Allegion were worth $432,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Millstone Evans Group LLC acquired a new position in shares of Allegion in the 4th quarter valued at approximately $28,000. Atala Financial Inc acquired a new stake in shares of Allegion in the 4th quarter valued at about $35,000. GeoWealth Management LLC increased its holdings in Allegion by 259.3% in the fourth 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 last quarter. Private Trust Co. NA grew its position 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 worth $42,000 after acquiring an additional 115 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of 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 valued at $51,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALLE. Barclays lifted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday. 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. StockNews.com cut shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird increased their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Morgan Stanley increased their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating 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 company has a consensus rating of "Hold" and a consensus target price of $140.40.

Allegion Stock Performance

ALLE traded down $3.01 during trading hours on Friday, hitting $136.50. The company's stock had a trading volume of 1,052,853 shares, compared to its average volume of 1,045,192. The firm has a market capitalization of $11.76 billion, a PE ratio of 20.01, a PEG ratio of 3.97 and a beta of 1.01. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a 50-day simple moving average of $127.05 and a 200 day simple moving average of $133.84.

Allegion (NYSE:ALLE - Get Free Report) last announced 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 net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. As a group, sell-side analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.49%. Allegion's payout ratio is 29.91%.

Insiders Place Their Bets

In related news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 over the last ninety days. 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.