Advisor Group Holdings Inc. Reduces Stock Position in Allegion plc (NYSE:ALLE)

Advisor Group Holdings Inc. lowered its stake in Allegion plc (NYSE:ALLE) by 4.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,655 shares of the scientific and technical instruments company’s stock after selling 1,142 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Allegion were worth $3,261,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ALLE. American Century Companies Inc. boosted its stake in shares of Allegion by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 3,756 shares of the scientific and technical instruments company’s stock worth $523,000 after acquiring an additional 647 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Allegion by 63.1% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 672 shares of the scientific and technical instruments company’s stock worth $94,000 after acquiring an additional 260 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Allegion by 16.2% during the 2nd quarter. Rafferty Asset Management LLC now owns 1,990 shares of the scientific and technical instruments company’s stock worth $277,000 after acquiring an additional 277 shares during the last quarter. Atria Investments LLC boosted its stake in shares of Allegion by 33.9% during the 2nd quarter. Atria Investments LLC now owns 15,370 shares of the scientific and technical instruments company’s stock worth $2,141,000 after acquiring an additional 3,894 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Allegion by 18.8% during the 2nd quarter. Van ECK Associates Corp now owns 8,801 shares of the scientific and technical instruments company’s stock worth $1,226,000 after acquiring an additional 1,392 shares during the last quarter. Institutional investors and hedge funds own 87.47% of the company’s stock.

In other news, VP Timothy P. Eckersley sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 18th. The shares were sold at an average price of $136.95, for a total value of $342,375.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Patrick S. Shannon sold 3,826 shares of the business’s stock in a transaction dated Monday, October 25th. The stock was sold at an average price of $131.50, for a total transaction of $503,119.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,167 shares of company stock worth $1,492,269. Insiders own 0.67% of the company’s stock.

Shares of NYSE ALLE opened at $124.46 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.08 and a current ratio of 1.51. The company has a market cap of $11.16 billion, a P/E ratio of 24.45, a P/E/G ratio of 3.07 and a beta of 1.14. The firm’s fifty day moving average is $130.07 and its two-hundred day moving average is $134.52. Allegion plc has a 52-week low of $106.52 and a 52-week high of $148.70.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Wednesday, October 20th. The scientific and technical instruments company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.27. Allegion had a net margin of 16.06% and a return on equity of 62.97%. The company had revenue of $717.00 million for the quarter, compared to the consensus estimate of $703.29 million. During the same period in the previous year, the firm posted $1.67 EPS. Allegion’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Allegion plc will post 5.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 30th. Stockholders of record on Monday, December 20th were issued a $0.36 dividend. The ex-dividend date of this dividend was Friday, December 17th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.16%. Allegion’s dividend payout ratio (DPR) is presently 28.29%.

Several brokerages have recently commented on ALLE. Robert W. Baird decreased their price objective on shares of Allegion from $154.00 to $148.00 and set a “neutral” rating on the stock in a research report on Monday, October 4th. Barclays decreased their price objective on shares of Allegion from $176.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, October 4th. Wells Fargo & Company began coverage on shares of Allegion in a research report on Thursday, October 7th. They set an “overweight” rating and a $159.00 price objective on the stock. Bank of America downgraded shares of Allegion from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $163.00 to $142.00 in a research report on Wednesday, December 8th. Finally, Mizuho began coverage on shares of Allegion in a research report on Thursday, December 16th. They set a “buy” rating and a $170.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $155.70.

About Allegion

Allegion Plc provides security products and solutions that keep people safe, secure and productive. It operates through the following three geographic segments: Americas; Middle East, India, and Africa (EMEIA); and Asia Pacific. The Americas segment sells a range of products and solutions such locks, locksets, portable locks, key systems, door closers, exit devices, doors and door systems, electronic products, and access control and time and attendance systems.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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