Amalgamated Bank Has $4.13 Million Holdings in Allegion plc (NYSE:ALLE)

Amalgamated Bank trimmed its position in Allegion plc (NYSE:ALLE) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,622 shares of the scientific and technical instruments company’s stock after selling 606 shares during the quarter. Amalgamated Bank’s holdings in Allegion were worth $4,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Schechter Investment Advisors LLC raised its holdings in shares of Allegion by 3.9% in the 4th quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after buying an additional 97 shares in the last quarter. Huntington National Bank grew its holdings in shares of Allegion by 19.5% in the 3rd quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock worth $66,000 after purchasing an additional 104 shares during the last quarter. Allworth Financial LP increased its position in shares of Allegion by 11.8% during the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 104 shares in the last quarter. iA Global Asset Management Inc. lifted its holdings in Allegion by 5.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,200 shares of the scientific and technical instruments company’s stock valued at $229,000 after purchasing an additional 112 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Allegion by 20.9% in the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after buying an additional 132 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group lifted their target price on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company downgraded shares of Allegion from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $139.00 to $140.00 in a research report on Wednesday, February 21st. Barclays boosted their target price on shares of Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and increased their price target for the company from $140.00 to $141.00 in a research note on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $127.83.

Insider Buying and Selling

In related news, VP Timothy P. Eckersley sold 5,047 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $132.41 per share, with a total value of $1,324,100.00. Following the acquisition, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at $13,803,477.68. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Allegion Stock Down 0.2 %

Shares of NYSE:ALLE opened at $124.13 on Thursday. The company has a 50 day moving average of $129.06 and a 200-day moving average of $120.92. Allegion plc has a one year low of $95.94 and a one year high of $136.91. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 4.38 and a beta of 1.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The company had revenue of $893.90 million during the quarter, compared to analysts’ expectations of $888.27 million. During the same quarter in the previous year, the company posted $1.58 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, sell-side analysts forecast that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.55%. Allegion’s dividend payout ratio is 31.32%.

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.