Allegion plc (NYSE:ALLE) Shares Sold by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. decreased its stake in Allegion plc (NYSE:ALLE) by 21.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 445 shares of the scientific and technical instruments company’s stock after selling 125 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Allegion were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ALLE. Allstate Corp acquired a new position in Allegion in the 4th quarter valued at approximately $312,000. Brown Brothers Harriman & Co. boosted its holdings in Allegion by 9.9% in the fourth quarter. Brown Brothers Harriman & Co. now owns 3,109 shares of the scientific and technical instruments company’s stock worth $406,000 after purchasing an additional 279 shares in the last quarter. Orion Portfolio Solutions LLC increased its position in Allegion by 11.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 14,834 shares of the scientific and technical instruments company’s stock worth $1,938,000 after buying an additional 1,473 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Allegion by 1.1% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 26,710 shares of the scientific and technical instruments company’s stock worth $3,490,000 after buying an additional 299 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Allegion during the fourth quarter valued at about $1,075,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Tracy L. Kemp sold 2,032 shares of the company’s 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 sale, the senior vice president now owns 10,273 shares of the company’s stock, valued at $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Down 1.4 %

Shares of Allegion stock opened at $128.32 on Monday. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company’s fifty day simple moving average is $129.55 and its 200-day simple moving average is $136.25. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 3.97 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last posted 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 net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. As a group, sell-side analysts expect 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. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.59%. Allegion’s dividend payout ratio is 29.91%.

Analyst Ratings Changes

ALLE has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. Robert W. Baird lowered their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Barclays reduced their price objective on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. Wells Fargo & Company lowered their target price 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. Finally, StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $137.67.

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.