Allegion plc (NYSE:ALLE) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in shares of Allegion plc (NYSE:ALLE) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,718,458 shares of the scientific and technical instruments company’s stock after acquiring an additional 177,808 shares during the quarter. Vanguard Group Inc. owned 12.33% of Allegion worth $1,400,688,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Lord Abbett & CO. LLC grew its holdings in Allegion by 96.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after purchasing an additional 823,874 shares during the period. Raymond James Financial Inc. acquired a new stake in Allegion in the 4th quarter valued at $65,175,000. Boston Partners increased its holdings in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock worth $616,503,000 after acquiring an additional 488,390 shares in 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 third 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 acquiring an additional 484,995 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in Allegion by 312.4% during the fourth quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock valued at $75,012,000 after purchasing an additional 434,820 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of Allegion stock opened at $130.21 on Friday. The business’s 50 day moving average price is $129.65 and its 200 day moving average price is $136.29. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 19.09, a PEG 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 plc has a one year low of $113.27 and a one year high of $156.10.

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. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. On average, research analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALLE shares. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Robert W. Baird dropped their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Allegion has an average rating of “Hold” and a consensus target price of $137.67.

Insider Transactions at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares of the company’s stock, valued at approximately $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. 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 Company 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.