Sei Investments Co. Boosts Stock Position in Allegion plc (NYSE:ALLE)

Sei Investments Co. increased its position in Allegion plc (NYSE:ALLE) by 7.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,946 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,559 shares during the quarter. Sei Investments Co.’s holdings in Allegion were worth $6,658,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Atala Financial Inc bought a new position in shares of Allegion during the 4th quarter valued at $35,000. Private Trust Co. NA grew its stake in shares of Allegion by 56.1% during 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 buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC grew its position in Allegion by 78.0% during the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after acquiring an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Allegion by 33.6% in the fourth 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.

Allegion Stock Performance

ALLE opened at $130.58 on Tuesday. The company’s 50 day moving average is $129.48 and its 200 day moving average is $136.19. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.97 and a beta of 1.11. Allegion plc has a 12-month low of $113.27 and a 12-month 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 announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (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 return on equity of 45.12% and a net margin of 15.84%. On average, equities research analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.56%. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, March 14th. Allegion’s dividend payout ratio (DPR) is presently 29.91%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ALLE shares. Wells Fargo & Company reduced their price target on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Morgan Stanley lifted their price objective on 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 cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Barclays lowered their price target on Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $137.67.

Insider Buying and Selling at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares in the company, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the stock in a transaction 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 transaction, the senior vice president now owns 9,625 shares of the company’s stock, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. Insiders own 0.33% of the company’s stock.

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.