State of Tennessee Department of Treasury Grows Stock Holdings in Allegion plc (NYSE:ALLE)

State of Tennessee Department of Treasury raised its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 62.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,843 shares of the scientific and technical instruments company's stock after buying an additional 27,986 shares during the quarter. State of Tennessee Department of Treasury owned about 0.08% of Allegion worth $9,519,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Allegion during the 4th quarter valued at about $28,000. Atala Financial Inc purchased a new position in shares of Allegion during the fourth quarter valued at approximately $35,000. GeoWealth Management LLC grew its stake in shares of Allegion by 259.3% during 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 raised its holdings in shares of 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 buying an additional 115 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of 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 worth $51,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Allegion Trading Down 2.2 %

Shares of ALLE stock traded down $3.01 on Friday, hitting $136.50. 1,052,862 shares of the stock traded hands, compared to its average volume of 830,529. The firm's 50-day moving average price is $127.27 and its two-hundred day moving average price is $133.69. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The stock 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.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. As a group, analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

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

Analysts Set New Price Targets

ALLE has been the subject of several research analyst reports. Robert W. Baird lifted their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company dropped 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. Barclays upped their target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday. Finally, StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $140.40.

Insiders Place Their Bets

In other news, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares of the company's stock, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company's stock, valued at $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by corporate insiders.

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.