Mirabella Financial Services LLP Sells 47,146 Shares of Allegion plc (NYSE:ALLE)

Mirabella Financial Services LLP lessened its position in Allegion plc (NYSE:ALLE - Free Report) by 91.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,162 shares of the scientific and technical instruments company's stock after selling 47,146 shares during the period. Mirabella Financial Services LLP's holdings in Allegion were worth $544,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ALLE. Fiduciary Management Inc. WI bought a new position in Allegion in the 4th quarter valued at approximately $116,484,000. Norges Bank purchased a new position in shares of Allegion in the fourth quarter worth $108,058,000. Lord Abbett & CO. LLC lifted its holdings in shares of Allegion by 96.8% during the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company's stock valued at $244,063,000 after purchasing an additional 823,874 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Allegion during the fourth quarter valued at $65,175,000. Finally, 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 worth $616,503,000 after buying an additional 488,390 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Activity at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of the 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 owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregg C. Sengstack purchased 8,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by corporate insiders.

Allegion Price Performance

Shares of NYSE ALLE traded down $3.01 during midday trading on Friday, reaching $136.50. The stock had a trading volume of 1,052,862 shares, compared to its average volume of 831,108. The stock has a 50-day moving average of $127.27 and a 200-day moving average of $133.78. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a market capitalization of $11.76 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. As a group, research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced 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 is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. Allegion's dividend payout ratio is currently 29.91%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Barclays boosted 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. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley upped their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Robert W. Baird raised their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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.