Worldquant Millennium Advisors LLC Sells 15,388 Shares of Allegion plc (NYSE:ALLE)

Worldquant Millennium Advisors LLC reduced its holdings in Allegion plc (NYSE:ALLE - Free Report) by 40.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,408 shares of the scientific and technical instruments company's stock after selling 15,388 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Allegion were worth $3,266,000 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. McClarren Financial Advisors Inc. increased its position in shares of Allegion by 61.0% during the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 72 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter worth $28,000. Crewe Advisors LLC increased its position in shares of Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 149 shares during the period. Concord Wealth Partners acquired a new stake in shares of Allegion during the third quarter worth $29,000. Finally, Cromwell Holdings LLC increased its position in shares of Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 92 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the business's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company's stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction that occurred on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares of the company's stock, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ALLE. Wells Fargo & Company raised their price target on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Barclays raised their price target on shares of Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Robert W. Baird raised their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $144.60.

Allegion Stock Up 0.7 %

Shares of ALLE traded up $0.94 during trading hours on Monday, reaching $141.43. 809,085 shares of the stock traded hands, compared to its average volume of 729,328. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $143.59 and a 200 day simple moving average of $133.48. Allegion plc has a 52 week low of $107.92 and a 52 week high of $156.10. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.35 and a beta of 1.10.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. The company had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. On average, equities analysts forecast that Allegion plc will post 7.41 EPS for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. Allegion's payout ratio is 29.49%.

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.