Freedom Investment Management Inc. Has $552,000 Holdings in Allegion plc (NYSE:ALLE)

Freedom Investment Management Inc. trimmed its position in shares of Allegion plc (NYSE:ALLE) by 8.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,223 shares of the scientific and technical instruments company’s stock after selling 413 shares during the quarter. Freedom Investment Management Inc.’s holdings in Allegion were worth $552,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crew Capital Management Ltd. lifted its holdings in shares of Allegion by 224.9% in the fourth quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company’s stock valued at $759,000 after purchasing an additional 4,022 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Allegion by 438.6% during the 4th quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company’s stock valued at $34,983,000 after acquiring an additional 218,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Allegion by 4.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company’s stock worth $26,724,000 after acquiring an additional 8,806 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Allegion by 73.5% in the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company’s stock worth $2,452,000 after acquiring an additional 7,950 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of Allegion by 4.4% in the fourth quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company’s stock valued at $154,643,000 after purchasing an additional 49,176 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Up 0.9 %

Shares of NYSE ALLE opened at $126.28 on Monday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market capitalization of $10.90 billion, a PE ratio of 18.52, a P/E/G ratio of 3.97 and a beta of 1.01. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The business’s fifty day moving average price is $127.36 and its 200-day moving average price is $134.14.

Allegion (NYSE:ALLE) last issued its earnings results 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 firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. On average, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Friday, June 13th. Allegion’s payout ratio is currently 29.91%.

Analysts Set New Price Targets

ALLE has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays decreased their price target on Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Wells Fargo & Company lowered their target price 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, Morgan Stanley boosted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $138.80.

Insider Activity

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the stock in a transaction 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 owns 9,625 shares in the company, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by corporate insiders.

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.