Allegion plc (NYSE:ALLE) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co increased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,042 shares of the scientific and technical instruments company's stock after purchasing an additional 5,158 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.07% of Allegion worth $7,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Allegion by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after purchasing an additional 177,808 shares in the last quarter. Boston Partners grew its position in Allegion by 11.6% during 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 buying an additional 488,390 shares during the period. Van ECK Associates Corp increased its holdings in 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 valued at $449,033,000 after buying an additional 257,175 shares in the last quarter. Geode Capital Management LLC increased its holdings in Allegion by 2.0% in the fourth 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 buying an additional 41,417 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Allegion by 5.6% during 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 acquiring an additional 105,840 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of Allegion stock traded up $0.81 during trading hours on Monday, reaching $137.30. 918,573 shares of the company's stock were exchanged, compared to its average volume of 830,881. The business has a fifty day moving average of $127.48 and a two-hundred day moving average of $133.54. 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 company has a market capitalization of $11.83 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. 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 released its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Allegion's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. As a group, research analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio (DPR) is currently 28.65%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Allegion

In other Allegion news, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at approximately $620,008.40. This trade represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last three months. 0.33% of the stock is owned by corporate 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.