Transamerica Financial Advisors Inc. Sells 125 Shares of Allegion plc (NYSE:ALLE)

Transamerica Financial Advisors Inc. trimmed its position in shares of Allegion plc (NYSE:ALLE) by 21.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 445 shares of the scientific and technical instruments company’s stock after selling 125 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Allegion were worth $59,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Allegion in the third quarter valued at about $28,000. Millstone Evans Group LLC bought a new position in shares of Allegion in the fourth quarter worth about $28,000. Atala Financial Inc acquired a new position in shares of Allegion during the fourth quarter worth approximately $35,000. Private Trust Co. NA grew its stake in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 115 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in shares of Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock valued at $51,000 after purchasing an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the topic of several research reports. Morgan Stanley upped their price objective on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays reduced their target price on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $137.67.

Insider Activity at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. The trade was a 16.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired 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 in the company, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last quarter. Corporate insiders own 0.33% of the company’s stock.

Allegion Trading Down 1.4 %

NYSE:ALLE opened at $128.32 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 3.97 and a beta of 1.11. The business’s 50-day moving average price is $129.55 and its two-hundred day moving average price is $136.25.

Allegion (NYSE:ALLE) last announced 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. The business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, equities analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company 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 $0.51 dividend. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.59%. Allegion’s payout ratio is 29.91%.

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.