TD Private Client Wealth LLC Has $2.07 Million Stock Holdings in Allegion plc (NYSE:ALLE)

TD Private Client Wealth LLC trimmed its holdings in Allegion plc (NYSE:ALLE) by 19.7% in the 4th quarter, Holdings Channel reports. The fund owned 15,823 shares of the scientific and technical instruments company’s stock after selling 3,874 shares during the quarter. TD Private Client Wealth LLC’s holdings in Allegion were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Douglass Winthrop Advisors LLC boosted its position in shares of Allegion by 0.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company’s stock valued at $2,911,000 after acquiring an additional 80 shares during the period. Heritage Family Offices LLP boosted its position in shares of Allegion by 3.2% in the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock valued at $346,000 after acquiring an additional 82 shares during the period. IFP Advisors Inc boosted its position in shares of Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock valued at $59,000 after acquiring an additional 85 shares during the period. Captrust Financial Advisors boosted its position in shares of Allegion by 2.8% in the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock valued at $516,000 after acquiring an additional 96 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 period. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ALLE. Barclays reduced their target price on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $138.33.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, 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 Securities & Exchange Commission, which is available through this link. Also, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,224 shares of company stock worth $406,636. Corporate insiders own 0.33% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $127.17 on Friday. 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 stock has a market cap of $10.97 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The stock’s 50-day moving average price is $129.67 and its two-hundred day moving average price is $136.46.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. On average, equities analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.51 dividend. This is a boost 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 yield of 1.60%. Allegion’s payout ratio is presently 29.91%.

Allegion Company 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.