Triodos Investment Management BV Has $23.26 Million Position in Allegion plc (NYSE:ALLE)

Triodos Investment Management BV grew its position in shares of Allegion plc (NYSE:ALLE) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,000 shares of the scientific and technical instruments company’s stock after buying an additional 20,000 shares during the period. Allegion makes up 1.9% of Triodos Investment Management BV’s holdings, making the stock its 26th biggest position. Triodos Investment Management BV owned 0.20% of Allegion worth $23,261,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Allegion by 42.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company’s stock worth $768,000 after purchasing an additional 1,576 shares during the period. Pathstone Holdings LLC increased its position in Allegion by 4.9% during the 3rd quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company’s stock valued at $1,861,000 after buying an additional 596 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Allegion by 39.7% during the third quarter. Cerity Partners LLC now owns 18,903 shares of the scientific and technical instruments company’s stock valued at $2,755,000 after buying an additional 5,373 shares during the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Allegion by 13.7% in the third quarter. Daiwa Securities Group Inc. now owns 10,811 shares of the scientific and technical instruments company’s stock worth $1,576,000 after acquiring an additional 1,303 shares during the period. Finally, Dai ichi Life Insurance Company Ltd purchased a new stake in shares of Allegion in the 3rd quarter worth $717,000. 92.21% of the stock is currently owned by institutional investors.

Allegion Trading Down 0.1 %

NYSE ALLE opened at $130.21 on Friday. The stock has a market capitalization of $11.24 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The firm has a 50 day moving average of $129.65 and a two-hundred day moving average of $136.29. 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 52 week low of $113.27 and a 52 week high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, research analysts expect that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.57%. Allegion’s payout ratio is presently 29.91%.

Analyst Ratings Changes

Several brokerages have commented on ALLE. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. 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 report on Wednesday. Robert W. Baird dropped their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley increased their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $137.67.

Insider Transactions at Allegion

In other Allegion news, 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 value of $257,535.68. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 in the last ninety days. 0.33% of the stock is currently owned by company 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.