Allegion plc (NYSE:ALLE) Shares Sold by Ostrum Asset Management

Ostrum Asset Management lowered its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 49.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,305 shares of the scientific and technical instruments company's stock after selling 3,195 shares during the period. Ostrum Asset Management's holdings in Allegion were worth $432,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of Allegion during the 4th quarter worth approximately $28,000. Atala Financial Inc bought a new position in Allegion in the fourth quarter valued at $35,000. GeoWealth Management LLC grew its stake in shares of Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 223 shares in the last quarter. Private Trust Co. NA raised its position in shares of Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Down 2.2 %

Shares of NYSE:ALLE traded down $3.01 during trading on Friday, reaching $136.50. 1,052,862 shares of the stock traded hands, compared to its average volume of 831,108. The stock has a market cap of $11.76 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The stock has a 50-day moving average of $127.27 and a two-hundred day moving average of $133.78.

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

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.49%. Allegion's dividend payout ratio is presently 29.91%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ALLE. Robert W. Baird boosted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley boosted 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. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays raised their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat.com, Allegion currently has an average rating of "Hold" and an average target price of $140.40.

Insider Buying and Selling at Allegion

In other news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares of the company's stock, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 over the last quarter. Insiders own 0.33% of the company's stock.

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.