UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 6,544 Shares of Allegion plc (NYSE:ALLE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Allegion plc (NYSE:ALLE - Free Report) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 600,357 shares of the scientific and technical instruments company's stock after selling 6,544 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.69% of Allegion worth $78,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Millstone Evans Group LLC acquired a new position in Allegion during the fourth quarter worth $28,000. Colonial Trust Co SC boosted 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 boosted 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 boosted its holdings 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 purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Performance

Shares of ALLE traded down $1.48 during trading hours on Friday, hitting $141.88. The company had a trading volume of 162,436 shares, compared to its average volume of 854,052. The firm has a market cap of $12.21 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 3.97 and a beta of 1.02. The business has a fifty day moving average of $133.73 and a 200-day moving average of $133.17. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. 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 (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 the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.55 earnings per share. Equities analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The business 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 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, June 13th. Allegion's payout ratio is presently 28.65%.

Analyst Ratings Changes

Several brokerages recently commented on ALLE. Robert W. Baird increased their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report 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. Barclays increased their price target 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. Morgan Stanley increased their price target 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, Wells Fargo & Company cut their price target 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. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, Allegion presently has a consensus rating of "Hold" and an average price target of $140.40.

Insider Buying and Selling

In other news, 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company's stock, 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. 0.33% of the stock is owned by insiders.

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.