Allegion plc (NYSE:ALLE) Shares Acquired by Truist Financial Corp

Truist Financial Corp lifted its holdings in shares of Allegion plc (NYSE:ALLE) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,984 shares of the scientific and technical instruments company’s stock after buying an additional 146 shares during the quarter. Truist Financial Corp’s holdings in Allegion were worth $6,793,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ALLE. Lord Abbett & CO. LLC raised its stake 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 buying an additional 823,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Allegion by 397.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock worth $88,450,000 after purchasing an additional 484,995 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Allegion by 8.1% during the fourth 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 in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after purchasing an additional 232,395 shares in the last quarter. Finally, FMR LLC increased its position in shares of Allegion by 231.9% during the third quarter. FMR LLC now owns 290,466 shares of the scientific and technical instruments company’s stock worth $42,333,000 after purchasing an additional 202,957 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Allegion Stock Up 0.0 %

Shares of NYSE:ALLE opened at $127.16 on Friday. The company has a quick ratio of 1.29, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The business has a fifty day moving average of $131.09 and a two-hundred day moving average of $137.31. The stock has a market cap of $10.97 billion, a P/E ratio of 18.64, a PEG ratio of 3.97 and a beta of 1.11. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

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 during the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. On average, research analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. Allegion’s dividend payout ratio is currently 28.15%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLE. Morgan Stanley boosted their price target on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Barclays dropped their price target on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their price target on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.