Ostrum Asset Management Sells 3,195 Shares of Allegion plc (NYSE:ALLE)

Ostrum Asset Management trimmed its position in Allegion plc (NYSE:ALLE) by 49.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,305 shares of the scientific and technical instruments company’s stock after selling 3,195 shares during the quarter. Ostrum Asset Management’s holdings in Allegion were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Allegion by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company’s stock worth $1,400,688,000 after purchasing an additional 177,808 shares during the period. Boston Partners boosted its position in shares of Allegion by 11.6% in the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock valued at $616,503,000 after acquiring an additional 488,390 shares during the period. Van ECK Associates Corp grew its stake in shares of Allegion by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock worth $449,033,000 after acquiring an additional 257,175 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Allegion by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company’s stock valued at $280,607,000 after purchasing an additional 41,417 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in Allegion by 5.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,010,472 shares of the scientific and technical instruments company’s stock worth $262,728,000 after purchasing an additional 105,840 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ALLE shares. Wells Fargo & Company decreased their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Barclays dropped their price objective on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. Robert W. Baird lowered their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.80.

Allegion Stock Up 0.9 %

ALLE opened at $126.28 on Monday. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 3.97 and a beta of 1.01. The firm’s 50-day simple moving average is $127.36 and its 200-day simple moving average is $134.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.62%. Allegion’s dividend payout ratio (DPR) is presently 29.91%.

Insider Activity at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last ninety days. 0.33% of the stock is owned by insiders.

Allegion Company 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.