Amica Mutual Insurance Co. Sells 2,793 Shares of Allegion plc (NYSE:ALLE)

Amica Mutual Insurance Co. reduced its stake in Allegion plc (NYSE:ALLE) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,827 shares of the scientific and technical instruments company’s stock after selling 2,793 shares during the period. Amica Mutual Insurance Co.’s holdings in Allegion were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans increased its position in shares of Allegion by 42.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company’s stock worth $768,000 after purchasing an additional 1,576 shares in the last quarter. Pathstone Holdings LLC increased its holdings in shares of Allegion by 4.9% during the third quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company’s stock worth $1,861,000 after buying an additional 596 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Allegion by 39.7% in the third quarter. Cerity Partners LLC now owns 18,903 shares of the scientific and technical instruments company’s stock valued at $2,755,000 after acquiring an additional 5,373 shares during the last quarter. Swedbank AB boosted its holdings in shares of Allegion by 1.0% in the 3rd quarter. Swedbank AB now owns 71,740 shares of the scientific and technical instruments company’s stock worth $10,455,000 after acquiring an additional 700 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in Allegion by 51.9% during the 3rd quarter. Larson Financial Group LLC now owns 2,477 shares of the scientific and technical instruments company’s stock worth $361,000 after acquiring an additional 846 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP David S. Ilardi sold 789 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction 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 $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,224 shares of company stock valued at $406,636. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Robert W. Baird reduced their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock 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 note on Wednesday. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Finally, StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $137.67.

Allegion Stock Up 0.7 %

Shares of NYSE ALLE opened at $130.44 on Thursday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $11.26 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The firm’s 50-day moving average is $129.70 and its 200-day moving average is $136.34. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE) last released its 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. The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 1.56%. Allegion’s payout ratio is currently 29.91%.

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.