American National Bank & Trust Reduces Stock Holdings in Allegion plc (NYSE:ALLE)

American National Bank & Trust trimmed its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 23.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,863 shares of the scientific and technical instruments company's stock after selling 2,374 shares during the period. American National Bank & Trust's holdings in Allegion were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ALLE. Blue Trust Inc. raised its position in shares of Allegion by 55.8% during the 4th quarter. Blue Trust Inc. now owns 779 shares of the scientific and technical instruments company's stock valued at $102,000 after purchasing an additional 279 shares during the period. Pacer Advisors Inc. grew its stake in Allegion by 17.0% during the fourth quarter. Pacer Advisors Inc. now owns 7,737 shares of the scientific and technical instruments company's stock valued at $1,011,000 after acquiring an additional 1,123 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Allegion by 320.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 113,218 shares of the scientific and technical instruments company's stock valued at $14,795,000 after acquiring an additional 86,266 shares in the last quarter. OLD National Bancorp IN grew its stake in Allegion by 13.4% during the fourth quarter. OLD National Bancorp IN now owns 4,225 shares of the scientific and technical instruments company's stock valued at $552,000 after acquiring an additional 500 shares in the last quarter. Finally, Mediolanum International Funds Ltd grew its stake in Allegion by 2.6% during the fourth quarter. Mediolanum International Funds Ltd now owns 42,753 shares of the scientific and technical instruments company's stock valued at $5,586,000 after acquiring an additional 1,077 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Allegion Price Performance

Shares of NYSE:ALLE traded up $0.44 on Thursday, reaching $138.55. The company's stock had a trading volume of 345,429 shares, compared to its average volume of 861,420. Allegion plc has a 52-week low of $113.27 and a 52-week 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 company has a 50-day simple moving average of $134.60 and a 200 day simple moving average of $133.10. The company has a market cap of $11.92 billion, a P/E ratio of 20.32, a PEG ratio of 3.97 and a beta of 1.02.

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 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 company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. During the same quarter last year, the business posted $1.55 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is currently 28.65%.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were 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 of the company's stock, valued at $1,302,000.02. This represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.23% of the stock is owned by insiders.

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.