C WorldWide Group Holding A S Sells 266,460 Shares of Allegion plc (NYSE:ALLE)

C WorldWide Group Holding A S cut its holdings in shares of Allegion plc (NYSE:ALLE) by 75.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,666 shares of the scientific and technical instruments company’s stock after selling 266,460 shares during the quarter. C WorldWide Group Holding A S owned approximately 0.10% of Allegion worth $11,064,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLE. Lord Abbett & CO. LLC lifted its position in Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after buying an additional 823,874 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Allegion by 397.8% during the 3rd 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 buying an additional 484,995 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Allegion by 312.4% in the 4th 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 during the period. Van ECK Associates Corp raised its holdings in shares of Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock valued at $449,033,000 after purchasing an additional 257,175 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock valued at $277,581,000 after purchasing an additional 232,395 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 0.0 %

Shares of ALLE opened at $127.16 on Monday. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The firm has a market cap of $10.97 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The firm’s 50-day simple moving average is $131.09 and its 200 day simple moving average is $137.38. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.29 and a current ratio of 2.04.

Allegion (NYSE:ALLE) last announced its quarterly earnings results 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. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. On average, analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently announced 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. This represents a $2.04 dividend on an annualized basis and a dividend 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 presently 28.15%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ALLE shares. Morgan Stanley upped their target price 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 dropped their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Robert W. Baird dropped their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Finally, Barclays dropped their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $138.33.

Insiders Place Their Bets

In other Allegion news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Company 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.