California Public Employees Retirement System Sells 4,643 Shares of Allegion plc (NYSE:ALLE)

California Public Employees Retirement System lowered its stake in Allegion plc (NYSE:ALLE) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 163,789 shares of the scientific and technical instruments company’s stock after selling 4,643 shares during the quarter. California Public Employees Retirement System’s holdings in Allegion were worth $20,750,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of Allegion in the fourth quarter worth about $28,000. Ancora Advisors LLC raised its stake in shares of Allegion by 153.3% in the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 230 shares during the period. Headinvest LLC bought a new position in shares of Allegion in the third quarter worth about $48,000. Itau Unibanco Holding S.A. bought a new position in shares of Allegion in the third quarter worth about $60,000. Finally, Signaturefd LLC raised its stake in shares of Allegion by 37.9% in the third quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 174 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Mizuho downgraded Allegion from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $140.00 to $141.00 in a research note on Friday, February 23rd. Barclays lifted their target price on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company downgraded Allegion from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $139.00 to $140.00 in a research note on Wednesday, February 21st. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, UBS Group lifted their target price on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. 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 has an average rating of “Hold” and a consensus target price of $127.83.

Allegion Stock Down 0.8 %

Shares of ALLE opened at $123.85 on Monday. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 4.46 and a beta of 1.14. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91. The business’s 50 day simple moving average is $130.14 and its 200-day simple moving average is $119.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.85.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.14. The business had revenue of $893.90 million for the quarter, compared to analysts’ expectations of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. As a group, equities analysts expect that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.55%. Allegion’s dividend payout ratio (DPR) is 31.32%.

Insider Transactions at Allegion

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

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.