Two Sigma Investments LP Sells 224,492 Shares of Allegion plc (NYSE:ALLE)

Two Sigma Investments LP decreased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 82.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,917 shares of the scientific and technical instruments company's stock after selling 224,492 shares during the period. Two Sigma Investments LP owned 0.06% of Allegion worth $6,392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Allegion during the fourth quarter valued at about $28,000. Colonial Trust Co SC raised its position in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc bought a new position in Allegion during the fourth quarter worth about $35,000. GeoWealth Management LLC lifted its stake in Allegion by 259.3% during the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 223 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of Allegion 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. This trade represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now owns 9,625 shares of the company's stock, valued at $1,205,820. The trade was a 7.58% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. Wells Fargo & Company lowered their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Barclays increased their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. Wall Street Zen lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley increased 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. Finally, Robert W. Baird raised their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $140.40.

Allegion Trading Down 0.5%

Allegion stock traded down $0.73 during mid-day trading on Friday, hitting $142.62. 1,088,334 shares of the company's stock were exchanged, compared to its average volume of 857,540. The firm has a market capitalization of $12.27 billion, a P/E ratio of 20.91, a PEG ratio of 3.97 and a beta of 1.02. Allegion plc has a fifty-two week low of $113.27 and a fifty-two 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 company's 50 day simple moving average is $134.24 and its 200-day simple moving average is $133.12.

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 (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same quarter last year, the business posted $1.55 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is 28.65%.

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.