Allegion plc (NYSE:ALLE) Stake Lessened by Franklin Resources Inc.

Franklin Resources Inc. trimmed its position in shares of Allegion plc (NYSE:ALLEFree Report) by 95.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,635 shares of the scientific and technical instruments company’s stock after selling 477,995 shares during the period. Franklin Resources Inc.’s holdings in Allegion were worth $2,741,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CVA Family Office LLC purchased a new stake in shares of Allegion during the fourth quarter worth $28,000. Ancora Advisors LLC increased its position in Allegion by 153.3% during 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 last quarter. Headinvest LLC acquired a new position in Allegion during the third quarter worth $48,000. Itau Unibanco Holding S.A. bought a new position in shares of Allegion in the third quarter worth about $60,000. Finally, Huntington National Bank increased its stake 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 worth $66,000 after purchasing an additional 104 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,194 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now directly owns 11,103 shares of the company’s stock, valued at approximately $1,354,343.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the company’s stock in a transaction 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 document filed with the SEC, which can be accessed through this link. Also, SVP Tracy L. Kemp sold 2,194 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now directly owns 11,103 shares in the company, valued at approximately $1,354,343.94. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Allegion Stock Up 1.1 %

NYSE ALLE opened at $121.82 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average is $126.51 and its two-hundred day moving average is $123.84. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 3.83 and a beta of 1.14. Allegion plc has a 1-year low of $95.94 and a 1-year high of $136.91.

Allegion (NYSE:ALLEGet Free Report) last announced its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $893.90 million for the quarter, compared to the consensus estimate of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. Allegion’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.58 EPS. Equities analysts forecast that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, June 14th. Allegion’s payout ratio is currently 31.32%.

Analysts Set New Price Targets

A number of research firms have recently commented on ALLE. Barclays lifted their price objective on Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Mizuho lowered Allegion from a “buy” rating to a “neutral” rating and boosted their price target for the company from $140.00 to $141.00 in a research note on Friday, February 23rd. Wells Fargo & Company lowered Allegion from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $139.00 to $140.00 in a research note on Wednesday, February 21st. Finally, UBS Group boosted their price target on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $127.83.

View Our Latest Stock Report on Allegion

Allegion Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion plc (NYSE:ALLEFree Report).

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.