Sei Investments Co. Has $6.66 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Sei Investments Co. increased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,946 shares of the scientific and technical instruments company's stock after purchasing an additional 3,559 shares during the quarter. Sei Investments Co. owned 0.06% of Allegion worth $6,658,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Boston Partners increased its holdings in Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock worth $616,503,000 after purchasing an additional 488,390 shares in the last quarter. State Street Corp boosted its position in Allegion by 1.2% during the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company's stock worth $589,659,000 after acquiring an additional 49,929 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Allegion by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock valued at $449,033,000 after purchasing an additional 257,175 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Allegion by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company's stock worth $306,699,000 after purchasing an additional 8,023 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in Allegion by 96.8% during the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company's stock worth $244,063,000 after purchasing an additional 823,874 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

Allegion Stock Performance

Shares of Allegion stock traded down $3.68 on Friday, hitting $123.53. The stock had a trading volume of 2,382,748 shares, compared to its average volume of 793,993. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The business's 50 day moving average is $129.10 and its two-hundred day moving average is $135.84. 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 plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share 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 company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Allegion's previous quarterly dividend of $0.48. Allegion's dividend payout ratio (DPR) is 29.91%.

Insider Buying and Selling at Allegion

In related news, Director Gregg C. Sengstack purchased 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost 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 $1,001,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 in the last three months. Corporate 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.