Dimensional Fund Advisors LP Sells 7,565 Shares of Allegion plc (NYSE:ALLE)

Dimensional Fund Advisors LP decreased its position in Allegion plc (NYSE:ALLE - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 882,387 shares of the scientific and technical instruments company's stock after selling 7,565 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.02% of Allegion worth $115,315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Douglass Winthrop Advisors LLC lifted its position in Allegion by 0.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock worth $2,911,000 after purchasing an additional 80 shares during the period. Heritage Family Offices LLP raised its position in Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock valued at $346,000 after purchasing an additional 82 shares during the last quarter. Waterloo Capital L.P. increased its holdings in shares of Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after purchasing an additional 83 shares in the last quarter. IFP Advisors Inc raised its position in Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Up 2.0 %

NYSE ALLE traded up $2.75 during trading hours on Friday, hitting $141.44. 177,914 shares of the company traded hands, compared to its average volume of 829,905. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 3.97 and a beta of 1.01. The business's 50-day moving average is $128.16 and its 200-day moving average is $133.54. 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 - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. During the same period last year, the firm posted $1.55 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent research reports. 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. Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Finally, StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One investment 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, the company currently has a consensus rating of "Hold" and an average target price of $140.40.

Insider Activity

In other news, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on 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 of the company's stock, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 in the last three months. Company insiders own 0.33% of the company's stock.

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.