Allegion plc (NYSE:ALLE) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. trimmed its holdings in Allegion plc (NYSE:ALLE) by 2.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 204,933 shares of the scientific and technical instruments company’s stock after selling 5,479 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Allegion were worth $25,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Captrust Financial Advisors raised its holdings in shares of Allegion by 1.8% in the fourth quarter. Captrust Financial Advisors now owns 4,601 shares of the scientific and technical instruments company’s stock valued at $484,000 after buying an additional 83 shares during the last quarter. Horizon Investments LLC raised its holdings in shares of Allegion by 7.1% in the second quarter. Horizon Investments LLC now owns 1,414 shares of the scientific and technical instruments company’s stock valued at $170,000 after buying an additional 94 shares during the last quarter. Schechter Investment Advisors LLC raised its holdings in shares of Allegion by 3.9% in the fourth quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock valued at $324,000 after buying an additional 97 shares during the last quarter. Huntington National Bank raised its holdings in shares of Allegion by 19.5% in the third quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock valued at $66,000 after buying an additional 104 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in shares of Allegion by 11.8% in the fourth quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock valued at $124,000 after buying an additional 104 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALLE has been the subject of a number of research reports. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and increased their price target for the stock from $140.00 to $141.00 in a report on Friday, February 23rd. UBS Group increased their price target on shares of Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Barclays increased their price target on shares of Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus price target of $127.83.

Insider Buying and Selling at Allegion

In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Timothy P. Eckersley sold 5,047 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares in the company, valued at $4,623,354.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the sale, the senior vice president now owns 7,555 shares in the company, valued at $1,003,606.20. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by corporate insiders.

Allegion Trading Up 0.3 %

Shares of Allegion stock opened at $125.21 on Monday. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 1.22. The stock has a market cap of $10.96 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 4.51 and a beta of 1.14. The company has a 50-day moving average of $130.79 and a two-hundred day moving average of $119.11.

Allegion (NYSE:ALLE) last issued its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The company had revenue of $897.40 million during the quarter, compared to analysts’ expectations of $904.17 million. During the same period last year, the company posted $1.60 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, research analysts anticipate that Allegion plc will post 7.01 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.53%. Allegion’s dividend payout ratio (DPR) is presently 31.37%.

Allegion 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.