Public Employees Retirement System of Ohio Sells 2,168 Shares of Allegion plc (NYSE:ALLE)

Public Employees Retirement System of Ohio decreased its stake in Allegion plc (NYSE:ALLE - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,054 shares of the scientific and technical instruments company's stock after selling 2,168 shares during the period. Public Employees Retirement System of Ohio's holdings in Allegion were worth $4,189,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new position in shares of Allegion during the 4th quarter valued at $28,000. Colonial Trust Co SC raised its holdings in shares of Allegion by 192.9% in the 4th 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 stake in Allegion during the fourth quarter worth approximately $35,000. GeoWealth Management LLC grew its position in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 223 shares during the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of Allegion by 56.1% in 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 buying an additional 115 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Down 0.2%

Shares of ALLE stock traded down $0.28 on Tuesday, reaching $139.13. 1,492,760 shares of the company's stock traded hands, compared to its average volume of 862,485. The company has a market capitalization of $11.97 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The business's 50 day moving average price is $134.60 and its two-hundred day moving average price is $133.10.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analysts' expectations 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 posted $1.55 EPS. On average, equities analysts forecast that Allegion plc will post 7.77 earnings per share 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 dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. Allegion's dividend payout ratio (DPR) is 28.65%.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.