Allspring Global Investments Holdings LLC Has $550,000 Holdings in Allegion plc (NYSE:ALLE)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Allegion plc (NYSE:ALLE) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,339 shares of the scientific and technical instruments company’s stock after selling 156 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Allegion were worth $550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ALLE. CWM LLC lifted its holdings in shares of Allegion by 38.0% during the 3rd quarter. CWM LLC now owns 908 shares of the scientific and technical instruments company’s stock worth $95,000 after acquiring an additional 250 shares during the period. DAVENPORT & Co LLC raised its stake in shares of Allegion by 11.0% during the third quarter. DAVENPORT & Co LLC now owns 3,448 shares of the scientific and technical instruments company’s stock valued at $359,000 after acquiring an additional 342 shares during the last quarter. Oak Thistle LLC raised its stake in shares of Allegion by 45.7% during the third quarter. Oak Thistle LLC now owns 7,395 shares of the scientific and technical instruments company’s stock valued at $771,000 after acquiring an additional 2,319 shares during the last quarter. Czech National Bank raised its stake in shares of Allegion by 47.4% during the third quarter. Czech National Bank now owns 15,342 shares of the scientific and technical instruments company’s stock valued at $1,599,000 after acquiring an additional 4,931 shares during the last quarter. Finally, Birch Hill Investment Advisors LLC raised its stake in shares of Allegion by 2.7% during the third quarter. Birch Hill Investment Advisors LLC now owns 14,032 shares of the scientific and technical instruments company’s stock valued at $1,462,000 after acquiring an additional 374 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 1.3 %

NYSE:ALLE opened at $124.84 on Friday. Allegion plc has a 12 month low of $95.94 and a 12 month high of $136.91. The stock has a market capitalization of $10.92 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 4.57 and a beta of 1.14. The firm has a fifty day simple moving average of $130.31 and a two-hundred day simple moving average of $119.52. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 1.22.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share 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 firm had revenue of $897.40 million for the quarter, compared to analyst estimates of $904.17 million. During the same period last year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts expect that Allegion plc will post 7.02 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio (DPR) is 31.37%.

Insider Buying and Selling at Allegion

In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John H. Stone purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at $13,803,477.68. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.