ING Groep NV Has $1.45 Million Holdings in Allegion plc (NYSE:ALLE)

ING Groep NV decreased its stake in Allegion plc (NYSE:ALLE) by 85.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,103 shares of the scientific and technical instruments company’s stock after selling 65,450 shares during the period. ING Groep NV’s holdings in Allegion were worth $1,451,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ALLE. Public Employees Retirement System of Ohio bought a new position in shares of Allegion in the third quarter valued at approximately $4,988,000. Sumitomo Mitsui Trust Group Inc. raised its position in Allegion by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company’s stock valued at $26,724,000 after purchasing an additional 8,806 shares during the last quarter. Qsemble Capital Management LP acquired a new position in Allegion in the third quarter worth $891,000. Nordea Investment Management AB grew its holdings in shares of Allegion by 4.4% during the fourth quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company’s stock worth $154,643,000 after purchasing an additional 49,176 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Allegion by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company’s stock valued at $116,814,000 after buying an additional 192,609 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Transactions at Allegion

In other news, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregg C. Sengstack acquired 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 transaction, the director now owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Allegion Trading Up 0.0 %

Shares of NYSE ALLE opened at $127.16 on Monday. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market capitalization of $10.97 billion, a P/E ratio of 18.64, a P/E/G ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.29. The company’s 50 day simple moving average is $131.09 and its 200 day simple moving average is $137.38.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. On average, analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 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 dividend payout ratio (DPR) is 28.15%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ALLE. Morgan Stanley upped their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Barclays reduced their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Finally, Wells Fargo & Company lowered their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $138.33.

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.