Tredje AP fonden Sells 13,719 Shares of Allegion plc (NYSE:ALLE)

Tredje AP fonden trimmed its holdings in Allegion plc (NYSE:ALLE) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,719 shares of the scientific and technical instruments company’s stock after selling 13,719 shares during the period. Tredje AP fonden’s holdings in Allegion were worth $1,793,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Allegion during the 3rd quarter valued at $28,000. Private Trust Co. NA grew its holdings in shares of Allegion by 56.1% in the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC grew its holdings in shares of Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after purchasing an additional 170 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in 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 acquiring an additional 101 shares during the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Allegion by 207.7% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 297 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP David S. Ilardi sold 789 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the business’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 approximately $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by company insiders.

Allegion Trading Up 1.4 %

Shares of NYSE:ALLE opened at $126.73 on Friday. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The stock’s fifty day moving average price is $129.68 and its 200-day moving average price is $136.80. 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 company has a market cap of $10.94 billion, a P/E ratio of 18.58, a PEG ratio of 3.97 and a beta of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The business had revenue of $945.60 million during 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%. Sell-side analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. 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 1.61%. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s payout ratio is currently 29.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company cut 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 decreased their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Robert W. Baird dropped their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Finally, Morgan Stanley upped their price objective 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 equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus target price 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.