Worldquant Millennium Advisors LLC Sells 10,486 Shares of Allegion plc (NYSE:ALLE)

Worldquant Millennium Advisors LLC decreased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 46.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,922 shares of the scientific and technical instruments company's stock after selling 10,486 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Allegion were worth $1,558,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ALLE. Vanguard Group Inc. lifted its stake in shares of Allegion by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock worth $1,400,688,000 after buying an additional 177,808 shares during the last quarter. Boston Partners raised its stake in 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 purchasing an additional 488,390 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in Allegion by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock valued at $509,313,000 after purchasing an additional 38,377 shares during the last quarter. Van ECK Associates Corp raised its stake in Allegion by 8.1% during the 4th 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 purchasing an additional 257,175 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Allegion by 2.0% during the 4th 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 purchasing an additional 41,417 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Activity

In related news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David S. Ilardi sold 789 shares of the stock in a transaction that occurred on 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 directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Finally, Barclays increased their target price on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $140.40.

Allegion Trading Down 0.7%

NYSE:ALLE traded down $0.97 during midday trading on Wednesday, hitting $143.57. 431,962 shares of the company traded hands, compared to its average volume of 850,759. The firm's fifty day moving average is $133.41 and its 200-day moving average is $133.10. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a market capitalization of $12.35 billion, a P/E ratio of 21.05, a P/E/G ratio of 3.97 and a beta of 1.02. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company 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 company earned $1.55 earnings per share. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 1.42%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio (DPR) is presently 28.65%.

Allegion 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.