Goldman Sachs Group Inc. Sells 110,251 Shares of Allegion plc (NYSE:ALLE)

Goldman Sachs Group Inc. trimmed its stake in shares of Allegion plc (NYSE:ALLEFree Report) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 777,353 shares of the scientific and technical instruments company’s stock after selling 110,251 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Allegion were worth $98,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC acquired a new stake in Allegion during the 4th quarter valued at approximately $28,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Allegion by 19.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 3,823 shares during the last quarter. Ancora Advisors LLC increased its position in shares of Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 230 shares during the period. Headinvest LLC bought a new position in Allegion during the third quarter worth $48,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Allegion in the third quarter valued at $60,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of NYSE:ALLE opened at $117.50 on Tuesday. Allegion plc has a twelve month low of $95.94 and a twelve month high of $136.91. The stock’s 50 day moving average is $124.64 and its 200-day moving average is $124.39. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 3.68 and a beta of 1.16.

Allegion (NYSE:ALLEGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The firm had revenue of $893.90 million for the quarter, compared to the consensus estimate of $888.27 million. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The business’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 earnings per share. Sell-side analysts forecast that Allegion plc will post 7.08 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.48 per share. The ex-dividend date is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 1.63%. Allegion’s dividend payout ratio (DPR) is currently 31.32%.

Insiders Place Their Bets

In other news, SVP Tracy L. Kemp sold 2,194 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now owns 11,103 shares in the company, valued at $1,354,343.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays downgraded Allegion from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $122.00 to $116.00 in a report on Tuesday, June 4th. UBS Group lifted their target price on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Mizuho cut Allegion from a “buy” rating to a “neutral” rating and increased their price target for the stock from $140.00 to $141.00 in a report on Friday, February 23rd. Wells Fargo & Company downgraded shares of Allegion from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $139.00 to $140.00 in a research report on Wednesday, February 21st. Finally, StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $126.83.

Check Out Our Latest Stock Report on ALLE

Allegion Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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