Allegion plc (NYSE:ALLE) Position Lifted by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its position in Allegion plc (NYSE:ALLE - Free Report) by 14.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 78,951 shares of the scientific and technical instruments company's stock after buying an additional 10,246 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Allegion worth $10,317,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its holdings in shares of Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company's stock valued at $2,871,000 after purchasing an additional 77 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Allegion by 3.2% during the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock valued at $346,000 after acquiring an additional 82 shares during the period. IFP Advisors Inc boosted its stake in shares of Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after acquiring an additional 85 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Allegion by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock worth $516,000 after acquiring an additional 96 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake 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 purchasing an additional 101 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

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Allegion Trading Up 0.7 %

Shares of NYSE ALLE traded up $0.85 on Wednesday, reaching $130.44. 978,138 shares of the company traded hands, compared to its average volume of 965,290. 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 company has a 50 day moving average of $129.72 and a 200 day moving average of $136.38. The stock has a market capitalization of $11.26 billion, a PE ratio of 19.13, a P/E/G ratio of 3.97 and a beta of 1.11.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 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 the consensus estimate of $938.91 million. On average, equities research analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from Allegion's previous quarterly dividend of $0.48. Allegion's payout ratio is presently 29.91%.

Insider Buying and Selling

In other news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were 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 of the company's stock, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated 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 directly owns 10,273 shares of the company's stock, valued at approximately $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. In the last quarter, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ALLE has been the subject of several recent research reports. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird reduced their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock 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 stock an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays dropped their price objective on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have given 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.

Allegion 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.