C WorldWide Group Holding A S Has $11.06 Million Stock Holdings in Allegion plc (NYSE:ALLE)

C WorldWide Group Holding A S decreased its position in shares of Allegion plc (NYSE:ALLE) by 75.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,666 shares of the scientific and technical instruments company’s stock after selling 266,460 shares during the period. C WorldWide Group Holding A S’s holdings in Allegion were worth $11,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Sigma Planning Corp lifted its stake in Allegion by 7.9% in the 4th quarter. Sigma Planning Corp now owns 1,666 shares of the scientific and technical instruments company’s stock valued at $218,000 after purchasing an additional 122 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Allegion by 312.4% in the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock valued at $75,012,000 after purchasing an additional 434,820 shares during the last quarter. JLB & Associates Inc. lifted its stake in Allegion by 1.6% in the 4th quarter. JLB & Associates Inc. now owns 30,652 shares of the scientific and technical instruments company’s stock valued at $4,006,000 after purchasing an additional 479 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Allegion by 15.0% in the 4th quarter. Handelsbanken Fonder AB now owns 23,800 shares of the scientific and technical instruments company’s stock valued at $3,110,000 after purchasing an additional 3,100 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in Allegion by 558.2% in the 4th quarter. Ieq Capital LLC now owns 23,571 shares of the scientific and technical instruments company’s stock valued at $3,080,000 after purchasing an additional 19,990 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, with a total value 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. This represents a ? increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Allegion Trading Up 0.0 %

ALLE opened at $127.16 on Monday. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. 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 company has a fifty day moving average of $131.09 and a 200-day moving average of $137.38. The stock has a market cap of $10.97 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $938.91 million. On average, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given 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 annualized dividend and a dividend yield of 1.60%. Allegion’s dividend payout ratio is 28.15%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several research reports. Wells Fargo & Company dropped their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. 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 note on Wednesday, February 19th. Barclays dropped their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird dropped 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. Finally, StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has an average 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.