Allegion plc (NYSE:ALLE) Shares Bought by abrdn plc

abrdn plc increased its holdings in Allegion plc (NYSE:ALLE - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,088 shares of the scientific and technical instruments company's stock after acquiring an additional 26,026 shares during the period. abrdn plc owned about 0.20% of Allegion worth $22,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ALLE. Boston Partners lifted its position in shares of Allegion by 17.2% during the third quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company's stock worth $584,157,000 after acquiring an additional 825,048 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Allegion by 3.9% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company's stock worth $335,411,000 after acquiring an additional 119,954 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Allegion by 20.3% during the third quarter. Van ECK Associates Corp now owns 2,773,767 shares of the scientific and technical instruments company's stock worth $289,026,000 after acquiring an additional 467,772 shares in the last quarter. Invesco Ltd. lifted its position in shares of Allegion by 11.7% during the third quarter. Invesco Ltd. now owns 1,467,586 shares of the scientific and technical instruments company's stock worth $152,922,000 after acquiring an additional 153,806 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Allegion by 2.5% during the third quarter. Brown Advisory Inc. now owns 1,425,248 shares of the scientific and technical instruments company's stock worth $148,511,000 after acquiring an additional 34,342 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the transaction, the senior vice president now directly owns 7,555 shares in the company, valued at $1,003,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO John H. Stone acquired 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Robert C. Martens sold 5,391 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the transaction, the senior vice president now owns 7,555 shares of the company's stock, valued at $1,003,606.20. The disclosure for this sale can be found here. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALLE shares. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research report on Wednesday, April 10th. Mizuho downgraded Allegion from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $140.00 to $141.00 in a research report on Friday, February 23rd. Barclays increased their price objective on Allegion from $121.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 2nd. UBS Group raised their price objective on Allegion from $113.00 to $132.00 and gave the company a "neutral" rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company cut Allegion from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $139.00 to $140.00 in a research note on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $127.83.

Allegion Stock Down 0.3 %

Allegion stock traded down $0.43 during trading hours on Wednesday, hitting $126.54. 871,185 shares of the stock traded hands, compared to its average volume of 713,114. The firm's 50-day moving average price is $130.57 and its two-hundred day moving average price is $119.44. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 1.22. The company has a market cap of $11.06 billion, a PE ratio of 20.75, a PEG ratio of 4.51 and a beta of 1.14. Allegion plc has a one year low of $95.94 and a one year high of $136.91.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.09. The business had revenue of $897.40 million for the quarter, compared to analysts' expectations of $904.17 million. Allegion had a return on equity of 51.95% and a net margin of 14.80%. The business's revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.60 EPS. On average, research analysts forecast that Allegion plc will post 7.02 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.52%. Allegion's payout ratio is 31.37%.

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.