Allegion plc (NYSE:ALLE) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC decreased its position in shares of Allegion plc (NYSE:ALLE) by 19.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,823 shares of the scientific and technical instruments company’s stock after selling 3,874 shares during the quarter. TD Private Client Wealth LLC’s holdings in Allegion were worth $2,068,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Allegion by 17.9% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 856 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 130 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in shares of Allegion by 0.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company’s stock valued at $2,911,000 after purchasing an additional 80 shares in the last quarter. Magnetar Financial LLC bought a new stake in shares of Allegion during the fourth quarter valued at about $4,398,000. Teacher Retirement System of Texas raised its stake in shares of Allegion by 14.9% during the fourth quarter. Teacher Retirement System of Texas now owns 78,951 shares of the scientific and technical instruments company’s stock valued at $10,317,000 after purchasing an additional 10,246 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in Allegion by 16.5% in the fourth quarter. Royal London Asset Management Ltd. now owns 38,403 shares of the scientific and technical instruments company’s stock worth $5,019,000 after acquiring an additional 5,431 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP David S. Ilardi sold 789 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,224 shares of company stock worth $406,636. Insiders own 0.33% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $127.17 on Friday. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The business’s 50-day moving average is $129.67 and its 200-day moving average is $136.46.

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

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. This is an increase from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is currently 29.91%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company dropped their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Barclays dropped their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird dropped their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, Allegion has an average rating of “Hold” and a consensus price target of $138.33.

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.