Guggenheim Capital LLC Sells 13,596 Shares of Allegion plc (NYSE:ALLE)

Guggenheim Capital LLC cut its stake in Allegion plc (NYSE:ALLE) by 63.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,945 shares of the scientific and technical instruments company’s stock after selling 13,596 shares during the period. Guggenheim Capital LLC’s holdings in Allegion were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ALLE. Millstone Evans Group LLC bought a new position in Allegion in the 4th quarter worth approximately $28,000. Atala Financial Inc acquired a new stake in shares of Allegion in the 4th quarter valued at $35,000. Private Trust Co. NA raised its position 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 worth $42,000 after acquiring an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Allegion by 78.0% during 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 acquiring an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after acquiring an additional 101 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Price Performance

ALLE opened at $126.88 on Wednesday. The stock has a market cap of $10.95 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.97 and a beta of 1.01. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The company has a fifty day simple moving average of $127.08 and a 200 day simple moving average of $133.93.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping 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 analyst estimates of $938.91 million. On average, research analysts expect 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 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is presently 29.91%.

Insider Transactions at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at approximately $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 directly owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ALLE shares. Wells Fargo & Company reduced 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 note on Wednesday, February 19th. Morgan Stanley lifted their target price 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. Barclays dropped their target price on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Robert W. Baird dropped their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $138.80.

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.