Russell Investments Group Ltd. Has $107.93 Million Holdings in Allegion plc (NYSE:ALLE)

Russell Investments Group Ltd. trimmed its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 825,861 shares of the scientific and technical instruments company's stock after selling 100,714 shares during the period. Russell Investments Group Ltd. owned approximately 0.95% of Allegion worth $107,929,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Atala Financial Inc acquired a new position in shares of Allegion during the fourth quarter worth $35,000. Private Trust Co. NA lifted its position in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Allegion by 33.6% in the 4th 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. Hedge funds and other institutional investors own 92.21% of the company's stock.

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Analyst Ratings Changes

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

Allegion Stock Performance

Allegion stock traded up $2.11 during midday trading on Friday, reaching $124.19. 291,520 shares of the stock traded hands, compared to its average volume of 807,304. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 3.97 and a beta of 1.01. The firm has a fifty day moving average price of $127.79 and a two-hundred day moving average price of $134.99.

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

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.64%. Allegion's dividend payout ratio (DPR) is 29.91%.

Insider Activity

In other news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,224 shares of company stock worth $406,636 over the last three months. 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.