Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.42 Million Holdings in Allegion plc (NYSE:ALLE)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its stake in shares of Allegion plc (NYSE:ALLE) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,484 shares of the scientific and technical instruments company’s stock after selling 483 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Allegion were worth $2,415,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ALLE. Brooklyn Investment Group acquired a new position in Allegion during the 3rd quarter worth $28,000. Atala Financial Inc acquired a new position in shares of Allegion during the fourth quarter valued at $35,000. Private Trust Co. NA boosted its holdings in 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 acquiring an additional 115 shares during the last quarter. Tortoise Investment Management LLC increased its position in Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after purchasing an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 101 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Transactions at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now directly owns 10,273 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated 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 transaction, the senior vice president now directly owns 9,625 shares of the company’s stock, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last three months. Insiders own 0.33% of the company’s stock.

Allegion Price Performance

ALLE stock opened at $130.58 on Tuesday. The stock has a market cap of $11.27 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The stock has a 50-day moving average price of $129.72 and a two-hundred day moving average price of $136.41. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Equities analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 1.56%. Allegion’s payout ratio is 29.91%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Robert W. Baird reduced their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley increased their price target 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. Finally, Barclays lowered their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $138.33.

Allegion Company 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.