Allegion plc (NYSE:ALLE) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its holdings in Allegion plc (NYSE:ALLE - Free Report) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,100 shares of the scientific and technical instruments company's stock after selling 63,900 shares during the quarter. Two Sigma Advisers LP owned 0.18% of Allegion worth $20,791,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Allegion by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after acquiring an additional 177,808 shares during the period. Boston Partners increased its holdings in Allegion by 11.6% in 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 position in Allegion by 1.0% in the fourth 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 period. Van ECK Associates Corp lifted its stake in Allegion by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock worth $449,033,000 after purchasing an additional 257,175 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Allegion by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock worth $280,607,000 after buying an additional 41,417 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Stock Down 0.2%

NYSE ALLE traded down $0.32 during trading hours on Friday, hitting $141.31. 617,189 shares of the company were exchanged, compared to its average volume of 851,070. 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 firm has a market cap of $12.16 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.97 and a beta of 1.02. The company has a 50 day moving average of $132.83 and a two-hundred day moving average of $133.11. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

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, topping 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 period in the previous year, the company posted $1.55 earnings per share. Equities research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio is presently 28.65%.

Insider Activity

In other news, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This represents a 7.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm'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 sale, the senior vice president now directly owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALLE. Barclays boosted their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Wells Fargo & Company dropped their target price 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. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley raised 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. Finally, Robert W. Baird lifted their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.