US Bancorp DE Reduces Stock Holdings in Allegion plc (NYSE:ALLE)

US Bancorp DE trimmed its position in Allegion plc (NYSE:ALLE) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,834 shares of the scientific and technical instruments company’s stock after selling 114 shares during the period. US Bancorp DE’s holdings in Allegion were worth $1,286,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC boosted its position in Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after purchasing an additional 77 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 82 shares during the period. Heritage Family Offices LLP raised its stake in shares of Allegion by 3.2% in the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 82 shares during the period. IFP Advisors Inc raised its stake in shares of Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 85 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Allegion by 2.8% in the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock worth $516,000 after buying an additional 96 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research note on Friday. Barclays decreased their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on 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 Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note 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.com, Allegion presently has an average rating of “Hold” and a consensus price target of $138.33.

Allegion Stock Up 3.1 %

Shares of ALLE opened at $131.36 on Friday. The business’s 50 day moving average is $130.02 and its 200 day moving average is $137.13. The company has a market capitalization of $11.33 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 3.97 and a beta of 1.10. 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 issued its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The company had revenue of $945.60 million for 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%. Research analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. 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 dividend on an annualized basis and a yield of 1.55%. Allegion’s payout ratio is presently 29.91%.

Insiders Place Their Bets

In other news, Director Gregg C. Sengstack acquired 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the purchase, the director now directly owns 8,000 shares in the company, valued at $1,001,920. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.