Allegion plc (NYSE:ALLE) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 63.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,945 shares of the scientific and technical instruments company's stock after selling 13,596 shares during the period. Guggenheim Capital LLC's holdings in Allegion were worth $1,038,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ALLE. Crew Capital Management Ltd. raised its holdings in Allegion by 224.9% in the fourth quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock valued at $759,000 after buying an additional 4,022 shares during the period. Renaissance Technologies LLC raised its holdings in Allegion by 438.6% in the fourth quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock valued at $34,983,000 after buying an additional 218,000 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its holdings in Allegion by 4.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company's stock valued at $26,724,000 after buying an additional 8,806 shares during the period. Daiwa Securities Group Inc. raised its holdings in Allegion by 73.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock valued at $2,452,000 after buying an additional 7,950 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Allegion in the fourth quarter valued at approximately $4,398,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In related news, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the purchase, the director now directly owns 8,000 shares of the company's stock, valued at $1,001,920. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock worth $406,636 in the last ninety days. 0.33% of the stock is owned by insiders.

Allegion Stock Performance

Allegion stock traded up $0.81 during mid-day trading on Monday, reaching $137.30. The company's stock had a trading volume of 918,573 shares, compared to its average volume of 830,881. The firm has a market cap of $11.83 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 3.97 and a beta of 1.01. The business has a 50 day moving average price of $127.48 and a 200-day moving average price of $133.54. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last released 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 firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. Sell-side analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given 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 1.49%. Allegion's dividend payout ratio is currently 28.65%.

Analysts Set New Price Targets

Several brokerages have issued reports on ALLE. Morgan Stanley increased their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Barclays increased their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday. Wells Fargo & Company lowered their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Robert W. Baird raised their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $140.40.

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.