Treasurer of the State of North Carolina Grows Position in Allegion plc (NYSE:ALLE)

Treasurer of the State of North Carolina grew its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,223 shares of the scientific and technical instruments company's stock after buying an additional 5,893 shares during the period. Treasurer of the State of North Carolina owned 0.05% of Allegion worth $6,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLE. Barclays PLC raised its stake in Allegion by 28.9% in the third quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock worth $37,861,000 after buying an additional 58,268 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Allegion in the 3rd quarter worth approximately $920,000. Anchor Investment Management LLC purchased a new position in shares of Allegion in the 3rd quarter valued at approximately $71,000. Sanctuary Advisors LLC boosted its position in shares of Allegion by 4.7% during the third quarter. Sanctuary Advisors LLC now owns 18,871 shares of the scientific and technical instruments company's stock valued at $2,668,000 after purchasing an additional 844 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Allegion in the third quarter worth $311,000. Institutional investors own 92.21% of the company's stock.

Insider Buying and Selling at Allegion

In other news, Director Gregg C. Sengstack acquired 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,224 shares of company stock worth $406,636. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley boosted their target price 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 price objective 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 decreased their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. Robert W. Baird dropped their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $138.80.

Allegion Stock Up 0.9 %

Shares of NYSE:ALLE traded up $1.15 during trading on Friday, reaching $126.28. 798,351 shares of the stock traded hands, compared to its average volume of 818,783. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The stock has a market cap of $10.90 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The stock has a 50-day moving average of $127.36 and a two-hundred day moving average of $134.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $938.91 million. As a group, sell-side analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio (DPR) is 29.91%.

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.