Boston Partners Has $616.50 Million Holdings in Allegion plc (NYSE:ALLE)

Boston Partners lifted its holdings in Allegion plc (NYSE:ALLE) by 11.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,716,756 shares of the scientific and technical instruments company’s stock after buying an additional 488,390 shares during the quarter. Allegion accounts for 0.8% of Boston Partners’ portfolio, making the stock its 28th biggest holding. Boston Partners owned 0.05% of Allegion worth $616,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ALLE. Brooklyn Investment Group acquired a new stake in shares of Allegion in the 3rd quarter valued at $28,000. Atala Financial Inc acquired a new stake in shares of Allegion in the 4th quarter valued at $35,000. Private Trust Co. NA lifted its stake 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 valued at $42,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its stake 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 valued at $51,000 after purchasing an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ALLE shares. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley boosted their target price 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. Barclays cut their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird cut their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $138.33.

Allegion Stock Up 0.6 %

Shares of ALLE opened at $127.42 on Tuesday. The company has a 50-day simple moving average of $129.65 and a 200-day simple moving average of $136.73. The firm has a market capitalization of $10.99 billion, a P/E ratio of 18.68, a P/E/G 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 52 week low of $113.27 and a 52 week high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 15.84% and a return on equity of 45.12%. On average, equities research analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is 29.91%.

Insider Buying and Selling

In related 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 value 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 represents a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $1,001,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

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.