National Bank of Canada FI Lowers Holdings in Allegion plc (NYSE:ALLE)

National Bank of Canada FI reduced its stake in shares of Allegion plc (NYSE:ALLE) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,952 shares of the scientific and technical instruments company’s stock after selling 3,359 shares during the quarter. National Bank of Canada FI owned 0.07% of Allegion worth $8,488,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ALLE. Millstone Evans Group LLC acquired a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Atala Financial Inc acquired a new stake in Allegion in the fourth quarter valued at approximately $35,000. Private Trust Co. NA grew its holdings in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC increased its position in shares of Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock valued at $51,000 after buying an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock worth $53,000 after buying an additional 101 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In related news, SVP David S. Ilardi sold 789 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the transaction, the senior vice president now directly owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. This trade represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 in the last 90 days. Insiders own 0.33% of the company’s stock.

Allegion Price Performance

ALLE stock opened at $123.53 on Friday. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The firm has a market capitalization of $10.66 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. 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 has a 50 day simple moving average of $129.10 and a 200-day simple moving average of $135.84.

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

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.65%. Allegion’s dividend payout ratio is 29.91%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley increased their price objective 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 decreased 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 note on Wednesday, February 19th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Robert W. Baird decreased 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. Finally, Barclays dropped their price target on Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, Allegion has a consensus rating of “Hold” and an average target price 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.