Allegion plc (NYSE:ALLE) Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its position in shares of Allegion plc (NYSE:ALLE) by 0.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 58,427 shares of the scientific and technical instruments company’s stock after selling 547 shares during the quarter. Truist Financial Corp’s holdings in Allegion were worth $7,402,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan acquired a new position in shares of Allegion in the 4th quarter valued at $211,000. Pittenger & Anderson Inc. boosted its position in shares of Allegion by 7.8% in the 4th quarter. Pittenger & Anderson Inc. now owns 34,940 shares of the scientific and technical instruments company’s stock valued at $4,427,000 after purchasing an additional 2,515 shares during the period. South Dakota Investment Council boosted its position in shares of Allegion by 100.0% in the 4th quarter. South Dakota Investment Council now owns 1,300 shares of the scientific and technical instruments company’s stock valued at $165,000 after purchasing an additional 650 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Allegion by 4.4% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,351 shares of the scientific and technical instruments company’s stock valued at $1,058,000 after purchasing an additional 349 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Allegion by 20.9% in the 4th quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 132 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegion

In related news, CEO John H. Stone bought 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO John H. Stone bought 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the completion of the sale, the senior vice president now owns 7,555 shares of the company’s stock, valued at $1,003,606.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Up 0.5 %

Shares of NYSE ALLE opened at $122.92 on Friday. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 4.32 and a beta of 1.14. The business has a 50 day simple moving average of $129.31 and a 200 day simple moving average of $120.27. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.87 and a current ratio of 1.31.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $893.90 million during 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 firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.58 EPS. On average, research analysts predict that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.56%. Allegion’s payout ratio is 31.32%.

Analyst Ratings Changes

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