Charles Schwab Investment Management Inc. Has $92.65 Million Stock Position in Allegion plc (NYSE:ALLE)

Charles Schwab Investment Management Inc. lifted its position in Allegion plc (NYSE:ALLE - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 731,311 shares of the scientific and technical instruments company's stock after acquiring an additional 19,284 shares during the period. Charles Schwab Investment Management Inc. owned 0.83% of Allegion worth $92,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in shares of Allegion in the fourth quarter worth approximately $386,000. Metis Global Partners LLC boosted its stake in shares of Allegion by 3.0% in the fourth quarter. Metis Global Partners LLC now owns 8,074 shares of the scientific and technical instruments company's stock worth $1,023,000 after acquiring an additional 232 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Allegion by 112.9% in the fourth quarter. National Bank of Canada FI now owns 46,970 shares of the scientific and technical instruments company's stock worth $5,836,000 after acquiring an additional 24,904 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Allegion by 3.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 24,681 shares of the scientific and technical instruments company's stock worth $3,127,000 after acquiring an additional 742 shares during the last quarter. Finally, Sapient Capital LLC acquired a new stake in shares of Allegion in the fourth quarter worth approximately $261,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Trading Down 0.2 %

NYSE:ALLE traded down $0.28 on Monday, reaching $125.71. The company's stock had a trading volume of 591,558 shares, compared to its average volume of 704,805. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 4.49 and a beta of 1.14. The stock has a 50 day moving average price of $128.94 and a 200 day moving average price of $121.70.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS 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 for the quarter, compared to the consensus estimate of $888.27 million. During the same quarter in the previous year, the business earned $1.58 earnings per share. The company's revenue for the quarter was down 3.2% on a year-over-year basis. On average, equities analysts anticipate that Allegion plc will post 7.08 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.53%. Allegion's dividend payout ratio is currently 31.32%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho downgraded Allegion from a "buy" rating to a "neutral" rating and lifted their price objective for the stock from $140.00 to $141.00 in a research report on Friday, February 23rd. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research report on Wednesday, April 10th. Wells Fargo & Company downgraded 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 research report on Wednesday, February 21st. UBS Group lifted their price objective on Allegion from $113.00 to $132.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 16th. Finally, Barclays lifted 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. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Allegion presently has a consensus rating of "Hold" and a consensus target price of $127.83.

Insider Buying and Selling at Allegion

In related news, VP Timothy P. Eckersley sold 5,047 shares of the business's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, SVP Robert C. Martens sold 5,391 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the sale, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Timothy P. Eckersley sold 5,047 shares of the business's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The disclosure for this sale can be found here. Company insiders own 0.33% of the company's stock.

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.