Amundi Has $62.49 Million Stake in Allegion plc (NYSE:ALLE)

Amundi trimmed its stake in shares of Allegion plc (NYSE:ALLE) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 486,660 shares of the scientific and technical instruments company’s stock after selling 217,455 shares during the period. Amundi owned about 0.56% of Allegion worth $62,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ALLE. Principal Financial Group Inc. raised its holdings in shares of Allegion by 2.4% during the third quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company’s stock worth $17,850,000 after acquiring an additional 2,878 shares during the period. Assetmark Inc. increased its stake in Allegion by 8.9% in the 3rd quarter. Assetmark Inc. now owns 9,112 shares of the scientific and technical instruments company’s stock valued at $1,328,000 after buying an additional 743 shares during the last quarter. Covestor Ltd increased its stake in Allegion by 29.1% in the 3rd quarter. Covestor Ltd now owns 617 shares of the scientific and technical instruments company’s stock valued at $90,000 after buying an additional 139 shares during the last quarter. Catalytic Wealth RIA LLC increased its stake in Allegion by 5.4% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 2,437 shares of the scientific and technical instruments company’s stock valued at $355,000 after buying an additional 125 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Allegion by 60.7% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,166 shares of the scientific and technical instruments company’s stock valued at $316,000 after buying an additional 818 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Gregg C. Sengstack bought 8,000 shares of Allegion stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by insiders.

Allegion Stock Performance

Shares of ALLE opened at $126.17 on Wednesday. The firm has a 50-day moving average of $129.96 and a 200-day moving average of $137.06. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a market cap of $10.89 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. 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 (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, equities analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. Allegion’s payout ratio is presently 29.91%.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent research reports. 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 research note on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Barclays lowered their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company lowered their price target 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, February 19th. Finally, Robert W. Baird decreased their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $138.33.

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.