Allegion plc (NYSE:ALLE) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in Allegion plc (NYSE:ALLE - Free Report) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,461 shares of the scientific and technical instruments company's stock after selling 3,878 shares during the period. OMERS ADMINISTRATION Corp's holdings in Allegion were worth $1,367,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fiduciary Management Inc. WI purchased a new position in Allegion in the fourth quarter valued at about $116,484,000. Norges Bank purchased a new stake in shares of Allegion in the fourth quarter worth about $108,058,000. Raymond James Financial Inc. acquired a new stake in shares of Allegion in the fourth quarter valued at about $65,175,000. Boston Partners raised its holdings in shares of Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after buying an additional 488,390 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Allegion by 312.4% during the 4th 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 period. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

ALLE has been the subject of a number of analyst reports. Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company dropped their price target 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. Finally, Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, Allegion currently has an average rating of "Hold" and a consensus target price of $140.40.

Insider Buying and Selling

In other news, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction 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. The trade was a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Allegion Stock Down 0.6%

Shares of Allegion stock traded down $0.83 on Thursday, hitting $141.13. 168,219 shares of the company's stock traded hands, compared to its average volume of 844,839. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The stock has a market cap of $12.14 billion, a P/E ratio of 20.70, a PEG ratio of 3.97 and a beta of 1.02. The firm's 50-day moving average is $132.28 and its 200 day moving average is $133.14.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. During the same period in the prior year, the company posted $1.55 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 1.45%. Allegion's dividend payout ratio (DPR) is 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.