Allegion plc (NYSE:ALLE) Stock Holdings Lessened by Amica Mutual Insurance Co.

Amica Mutual Insurance Co. cut its stake in shares of Allegion plc (NYSE:ALLE) by 20.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,827 shares of the scientific and technical instruments company’s stock after selling 2,793 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Allegion were worth $1,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ALLE. Vanguard Group Inc. lifted its position in shares of Allegion by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company’s stock valued at $1,400,688,000 after acquiring an additional 177,808 shares in the last quarter. Boston Partners raised its stake in Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock valued at $616,503,000 after purchasing an additional 488,390 shares during the period. State Street Corp lifted its holdings in shares of Allegion by 1.2% in the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock valued at $589,659,000 after purchasing an additional 49,929 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Allegion by 8.1% in the fourth 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 period. Finally, Geode Capital Management LLC grew its holdings in shares of Allegion by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock valued at $306,699,000 after buying an additional 8,023 shares in 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, SVP Tracy L. Kemp sold 2,032 shares of the firm’s 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 sale, the senior vice president now owns 10,273 shares of the company’s stock, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David S. Ilardi sold 789 shares of the company’s 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 of the company’s stock, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by insiders.

Allegion Trading Up 0.7 %

Shares of NYSE:ALLE opened at $130.44 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $11.26 billion, a PE ratio of 19.13, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The firm has a fifty day moving average price of $129.70 and a 200 day moving average price of $136.34.

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, topping 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 company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. 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 dividend of $0.51 per share. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, March 14th. Allegion’s dividend payout ratio is currently 29.91%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Robert W. Baird lowered their price objective 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. Barclays cut 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. Morgan Stanley boosted their price target 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. Finally, Wells Fargo & Company cut their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $137.67.

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.