Triodos Investment Management BV Has $23.26 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Triodos Investment Management BV raised its holdings in Allegion plc (NYSE:ALLE) by 12.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 178,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,000 shares during the quarter. Allegion makes up about 1.9% of Triodos Investment Management BV’s investment portfolio, making the stock its 26th largest position. Triodos Investment Management BV’s holdings in Allegion were worth $23,261,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Brooklyn Investment Group bought a new position in Allegion during the third quarter worth about $28,000. Millstone Evans Group LLC bought a new stake in Allegion in the 4th quarter valued at $28,000. Atala Financial Inc bought a new stake in Allegion during the fourth quarter worth about $35,000. Private Trust Co. NA lifted its holdings in Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 115 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its position in 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 worth $51,000 after acquiring an additional 170 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALLE. Morgan Stanley increased their price objective 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. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays cut their price objective on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $137.67.

Insider Transactions at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares in the company, valued at approximately $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 over the last ninety days. Company insiders own 0.33% of the company’s stock.

Allegion Stock Down 0.1 %

Allegion stock opened at $130.21 on Friday. The stock has a market capitalization of $11.24 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The business has a fifty day moving average price of $129.65 and a 200-day moving average price of $136.29. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The firm had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities research analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal 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 paid a dividend of $0.51 per share. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.57%. Allegion’s dividend payout ratio (DPR) is 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.