Allegion plc (NYSE:ALLE) Shares Sold by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. decreased its position in Allegion plc (NYSE:ALLE) by 50.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 139,366 shares of the scientific and technical instruments company’s stock after selling 140,845 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.16% of Allegion worth $18,213,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its holdings in shares of Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 72 shares during the period. TD Private Client Wealth LLC grew its position in Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock valued at $2,871,000 after acquiring an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in Allegion by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 82 shares during the period. Heritage Family Offices LLP lifted its position in shares of Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 82 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 92 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Allegion

In related news, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is currently owned by corporate insiders.

Allegion Stock Down 0.5 %

Shares of NYSE ALLE opened at $128.64 on Monday. The business has a 50-day moving average of $133.15 and a two-hundred day moving average of $137.51. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.59%. Allegion’s payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALLE. Barclays cut their target price on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley initiated coverage on Allegion in a research note on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price objective on the stock. Mizuho boosted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $140.83.

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.