Thrivent Financial for Lutherans Sells 1,696 Shares of Allegion plc (NYSE:ALLE)

Thrivent Financial for Lutherans trimmed its holdings in Allegion plc (NYSE:ALLE) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,569 shares of the scientific and technical instruments company’s stock after selling 1,696 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Allegion were worth $466,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in shares of Allegion during the third quarter worth $205,000. FMR LLC boosted its holdings in shares of Allegion by 231.9% during the 3rd quarter. FMR LLC now owns 290,466 shares of the scientific and technical instruments company’s stock valued at $42,333,000 after purchasing an additional 202,957 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Allegion by 11.9% during the third quarter. Public Sector Pension Investment Board now owns 3,748 shares of the scientific and technical instruments company’s stock valued at $546,000 after purchasing an additional 400 shares in the last quarter. Captrust Financial Advisors increased its holdings 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 purchasing an additional 96 shares during the last quarter. Finally, Verition Fund Management LLC lifted its position in shares of Allegion by 100.7% in the third quarter. Verition Fund Management LLC now owns 11,229 shares of the scientific and technical instruments company’s stock worth $1,637,000 after buying an additional 5,634 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Price Performance

Allegion stock opened at $127.21 on Friday. 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. The firm has a 50-day moving average price of $129.28 and a 200-day moving average price of $136.02. The firm has a market capitalization of $10.98 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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 net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. As a group, equities research analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s payout ratio is presently 29.91%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gregg C. Sengstack purchased 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average price 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 of the company’s stock, valued at $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,224 shares of company stock valued at $406,636 in the last quarter. 0.33% of the stock is owned by insiders.

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.