Allegion plc (NYSE:ALLE) Shares Sold by C Partners Holding GmbH

C Partners Holding GmbH decreased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 204,403 shares of the scientific and technical instruments company's stock after selling 7,765 shares during the quarter. Allegion makes up about 6.7% of C Partners Holding GmbH's holdings, making the stock its 8th largest position. C Partners Holding GmbH owned 0.24% of Allegion worth $26,711,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Management Inc. WI purchased a new position in shares of Allegion during the fourth quarter worth approximately $116,484,000. Norges Bank purchased a new position in Allegion during the 4th quarter worth $108,058,000. Raymond James Financial Inc. purchased a new position in Allegion during the 4th quarter worth $65,175,000. Boston Partners increased its stake in 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 purchasing an additional 488,390 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Allegion by 312.4% in the fourth quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company's stock valued at $75,012,000 after buying an additional 434,820 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays boosted their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. Wells Fargo & Company dropped their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird raised their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $140.40.

Insider Buying and Selling

In related news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. The trade was a 16.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by company insiders.

Allegion Price Performance

ALLE traded up $0.69 during midday trading on Friday, reaching $141.60. 593,225 shares of the company's stock were exchanged, compared to its average volume of 837,383. The business's 50-day moving average price is $129.38 and its 200 day moving average price is $133.16. The stock has a market capitalization of $12.18 billion, a PE ratio of 20.76, a P/E/G ratio of 3.97 and a beta of 1.02. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, equities 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. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.44%. Allegion's payout ratio is currently 28.65%.

About Allegion

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.