Allegion plc (NYSE:ALLE) Shares Sold by LGT Group Foundation

LGT Group Foundation cut its stake in Allegion plc (NYSE:ALLE) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,109 shares of the scientific and technical instruments company’s stock after selling 2,170 shares during the period. LGT Group Foundation’s holdings in Allegion were worth $3,543,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ALLE. Lord Abbett & CO. LLC raised its position in Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after buying an additional 823,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Allegion by 397.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock worth $88,450,000 after buying an additional 484,995 shares during the last quarter. Allianz Asset Management GmbH raised its position in Allegion by 312.4% during the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock worth $75,012,000 after buying an additional 434,820 shares during the last quarter. Van ECK Associates Corp raised its position in Allegion by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock worth $449,033,000 after buying an additional 257,175 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Allegion by 13.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after buying an additional 232,395 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, 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 acquired at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $1,001,920. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Allegion Price Performance

Allegion stock opened at $126.26 on Tuesday. The company’s fifty day moving average price is $130.46 and its 200 day moving average price is $137.30. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The stock has a market capitalization of $10.89 billion, a P/E ratio of 18.51, a P/E/G ratio of 3.97 and a beta of 1.11. 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) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. As a group, equities research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.62%. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is currently 29.91%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of recent research reports. Robert W. Baird reduced their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Tuesday, February 25th. Morgan Stanley lifted 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 cut their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Finally, Barclays cut their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Allegion presently has an average rating of “Hold” and a consensus target price of $138.33.

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.