Nickolas A. Musial Sells 403 Shares of Allegion plc (NYSE:ALLE) Stock

Allegion plc (NYSE:ALLE) CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. This represents a 7.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Allegion Stock Up 0.0 %

ALLE opened at $127.16 on Friday. The business has a 50 day moving average of $131.32 and a 200-day moving average of $137.24. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 3.99 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.29 and a debt-to-equity ratio of 1.32. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. As a group, sell-side analysts anticipate that Allegion plc will post 7.7 earnings per share for the current year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. Allegion’s dividend payout ratio (DPR) is 28.15%.

Hedge Funds Weigh In On Allegion

Several large investors have recently added to or reduced their stakes in ALLE. Vanguard Group Inc. grew its holdings in shares of Allegion by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company’s stock worth $1,400,688,000 after purchasing an additional 177,808 shares in the last quarter. Boston Partners lifted its position in Allegion by 11.6% in the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock worth $616,503,000 after purchasing an additional 488,390 shares during the period. State Street Corp boosted its stake in Allegion by 1.2% during the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock worth $589,659,000 after buying an additional 49,929 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Allegion by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company’s stock valued at $509,313,000 after buying an additional 38,377 shares during the period. Finally, Van ECK Associates Corp increased its holdings in Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock valued at $449,033,000 after buying an additional 257,175 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays dropped their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley boosted their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus price target of $138.33.

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.