Mawer Investment Management Ltd. Sells 23,656 Shares of Allegion plc (NYSE:ALLE)

Mawer Investment Management Ltd. trimmed its holdings in Allegion plc (NYSE:ALLE - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,400 shares of the scientific and technical instruments company's stock after selling 23,656 shares during the period. Mawer Investment Management Ltd. owned approximately 0.63% of Allegion worth $70,364,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC bought a new position in shares of Allegion in the fourth quarter valued at approximately $28,000. Ancora Advisors LLC boosted its holdings in Allegion by 153.3% in the 3rd quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 230 shares during the period. Headinvest LLC purchased a new position in shares of Allegion during the 3rd quarter valued at $48,000. Itau Unibanco Holding S.A. purchased a new position in shares of Allegion during the 3rd quarter valued at $60,000. Finally, Signaturefd LLC increased its holdings in shares of Allegion by 37.9% in the third quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company's stock worth $66,000 after purchasing an additional 174 shares during the period. Institutional investors own 92.21% of the company's stock.

Allegion Trading Up 0.3 %

NYSE:ALLE traded up $0.32 during trading hours on Friday, reaching $125.99. The company's stock had a trading volume of 590,019 shares, compared to its average volume of 621,547. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.87 and a current ratio of 1.31. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 4.48 and a beta of 1.14. The firm has a 50-day simple moving average of $129.00 and a 200-day simple moving average of $121.32. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The company had revenue of $893.90 million during the quarter, compared to analyst estimates of $888.27 million. During the same quarter in the previous year, the company posted $1.58 EPS. Allegion's revenue for the quarter was down 3.2% on a year-over-year basis. Research analysts expect that Allegion plc will post 7.08 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors 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 dividend on an annualized basis and a yield of 1.52%. Allegion's dividend payout ratio is currently 31.32%.

Insider Buying and Selling at Allegion

In other Allegion news, CEO John H. Stone bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the purchase, the chief executive officer now directly owns 104,248 shares of the company's stock, valued at $13,803,477.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Allegion news, SVP Robert C. Martens sold 5,391 shares of the company's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value 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 approximately $1,003,606.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John H. Stone bought 10,000 shares of the business's stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the purchase, the chief executive officer now directly owns 104,248 shares in the company, valued at approximately $13,803,477.68. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.