Voya Investment Management LLC Has $4.51 Million Holdings in Allegion plc (NYSE:ALLE)

Voya Investment Management LLC grew its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 20.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,511 shares of the scientific and technical instruments company's stock after buying an additional 5,938 shares during the period. Voya Investment Management LLC's holdings in Allegion were worth $4,510,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in ALLE. Douglass Winthrop Advisors LLC boosted its holdings in Allegion by 0.4% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after purchasing an additional 80 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Allegion by 3.2% during the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock worth $346,000 after buying an additional 82 shares during the period. Waterloo Capital L.P. grew its position in Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after acquiring an additional 83 shares during the period. IFP Advisors Inc raised its stake in Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after acquiring an additional 85 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ALLE shares. Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird increased their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Finally, Barclays increased their target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. One investment 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, Allegion presently has a consensus rating of "Hold" and a consensus price target of $140.40.

Insider Activity

In related news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gregg C. Sengstack bought 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were bought at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 in the last 90 days. 0.33% of the stock is owned by company insiders.

Allegion Trading Up 1.6 %

Shares of NYSE ALLE traded up $2.15 during midday trading on Friday, hitting $140.84. The stock had a trading volume of 819,683 shares, compared to its average volume of 834,591. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market cap of $12.12 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. The company's 50-day simple moving average is $128.38 and its 200 day simple moving average is $133.36.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. Research analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th. Allegion's payout ratio is 28.65%.

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.