Mutual of America Capital Management LLC Has $1.36 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Mutual of America Capital Management LLC reduced its stake in shares of Allegion plc (NYSE:ALLE) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,416 shares of the scientific and technical instruments company’s stock after selling 317 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Allegion were worth $1,361,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. State Street Corp raised its holdings in Allegion by 1.2% in 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 purchasing an additional 49,929 shares during the period. Van ECK Associates Corp increased its stake in shares of Allegion by 8.1% during the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock worth $449,033,000 after purchasing an additional 257,175 shares during the last quarter. Geode Capital Management LLC grew its stake in Allegion by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock valued at $306,699,000 after buying an additional 8,023 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock valued at $277,581,000 after purchasing an additional 232,395 shares during the period. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after acquiring an additional 823,874 shares during the period. 92.21% of the stock is owned by institutional investors.

Insider Activity

In other Allegion news, Director Gregg C. Sengstack purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of Allegion 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 sale, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Allegion Trading Up 3.1 %

Shares of ALLE opened at $131.36 on Friday. 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 1 year low of $113.27 and a 1 year high of $156.10. The company has a 50 day simple moving average of $130.02 and a two-hundred day simple moving average of $137.13. The firm has a market cap of $11.33 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 3.97 and a beta of 1.10.

Allegion (NYSE:ALLE) last posted its 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. The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, equities analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.55%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is currently 29.91%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several research reports. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday. 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, February 19th. Robert W. Baird reduced their price objective 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 target price 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, Wells Fargo & Company lowered their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.