Allegion plc (NYSE:ALLE) Shares Sold by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC cut its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in Allegion during the fourth quarter worth $28,000. Colonial Trust Co SC raised its holdings in Allegion by 192.9% during 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 during the last quarter. Atala Financial Inc acquired a new position in Allegion during the fourth quarter worth $35,000. GeoWealth Management LLC raised its holdings 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 last quarter. Finally, Private Trust Co. NA increased its position 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 worth $42,000 after buying an additional 115 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares in the company, 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 insiders.

Analyst Upgrades and Downgrades

ALLE has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Barclays raised their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Robert W. Baird raised their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley raised their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Wall Street Zen downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, Allegion presently has an average rating of "Hold" and an average target price of $140.40.

Allegion Price Performance

Shares of NYSE:ALLE opened at $141.54 on Friday. The company has a market cap of $12.18 billion, a P/E ratio of 20.75, a P/E/G ratio of 3.97 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The business has a fifty day simple moving average of $132.56 and a 200-day simple moving average of $133.16.

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 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The business had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. Equities research analysts forecast that Allegion plc will post 7.77 EPS for the current 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 issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is currently 28.65%.

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.

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