Schroder Investment Management Group Has $16.60 Million Stake in Allegion plc (NYSE:ALLE)

Schroder Investment Management Group reduced its stake in Allegion plc (NYSE:ALLE - Free Report) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,778 shares of the scientific and technical instruments company's stock after selling 12,038 shares during the quarter. Schroder Investment Management Group owned 0.15% of Allegion worth $16,604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Allegion in the fourth quarter valued at approximately $6,764,000. Allstate Corp bought a new position in Allegion in the fourth quarter valued at $312,000. Brown Brothers Harriman & Co. increased its stake in Allegion by 9.9% in the 4th quarter. Brown Brothers Harriman & Co. now owns 3,109 shares of the scientific and technical instruments company's stock valued at $406,000 after buying an additional 279 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Allegion by 11.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 14,834 shares of the scientific and technical instruments company's stock worth $1,938,000 after buying an additional 1,473 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in shares of Allegion by 1.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 26,710 shares of the scientific and technical instruments company's stock valued at $3,490,000 after acquiring an additional 299 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

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Allegion Stock Performance

Shares of ALLE traded down $2.59 during midday trading on Tuesday, reaching $118.19. 1,543,192 shares of the stock were exchanged, compared to its average volume of 801,490. The stock's 50 day simple moving average is $128.27 and its 200 day simple moving average is $135.34. The company has a market cap of $10.20 billion, a P/E ratio of 17.33, a PEG ratio of 3.97 and a beta of 1.01. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. 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 (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 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 business had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. On average, sell-side analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.73%. This is an increase from Allegion's previous quarterly dividend of $0.48. Allegion's dividend payout ratio is currently 29.91%.

Insiders Place Their Bets

In other Allegion news, SVP David S. Ilardi sold 789 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction 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. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, 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 have sold a total of 3,224 shares of company stock worth $406,636 in the last 90 days. Company insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALLE. Morgan Stanley boosted their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Robert W. Baird decreased their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Barclays dropped their price target on Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research note 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $137.67.

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.