Allegion plc (NYSE:ALLE) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. increased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 79.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,605 shares of the scientific and technical instruments company's stock after purchasing an additional 60,223 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.16% of Allegion worth $17,729,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in Allegion by 28.9% during the 3rd quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock valued at $37,861,000 after acquiring an additional 58,268 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Allegion by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company's stock worth $17,850,000 after purchasing an additional 2,878 shares during the last quarter. Czech National Bank grew its position in shares of Allegion by 6.2% in the fourth quarter. Czech National Bank now owns 18,848 shares of the scientific and technical instruments company's stock valued at $2,463,000 after purchasing an additional 1,100 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Allegion by 10.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company's stock valued at $503,000 after purchasing an additional 362 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in Allegion during the fourth quarter worth approximately $282,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegion

In other news, SVP David S. Ilardi sold 789 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This represents a 7.58% decrease in their ownership of the stock. The sale 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 that occurred 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 completion of the transaction, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Down 1.0%

NYSE ALLE traded down $1.40 during trading hours on Thursday, reaching $140.56. The company had a trading volume of 78,423 shares, compared to its average volume of 844,517. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $12.10 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. The stock has a 50-day moving average of $132.28 and a 200 day moving average of $133.14. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping 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 analyst estimates of $918.53 million. During the same period in the prior year, the business posted $1.55 EPS. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company 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 dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is 28.65%.

Analyst Upgrades and Downgrades

ALLE has been the subject of several analyst reports. Robert W. Baird upped their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Barclays upped their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Morgan Stanley lifted their target price 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. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Wells Fargo & Company cut their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. One 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.

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.