Allegion plc (NYSE:ALLE) Shares Bought by Boston Trust Walden Corp

Boston Trust Walden Corp increased its holdings in Allegion plc (NYSE:ALLE) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 469,726 shares of the scientific and technical instruments company’s stock after purchasing an additional 15,621 shares during the quarter. Boston Trust Walden Corp’s holdings in Allegion were worth $61,384,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC raised its position in Allegion by 96.8% during the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after acquiring an additional 823,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Allegion by 397.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock worth $88,450,000 after purchasing an additional 484,995 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Allegion in the 3rd quarter valued at approximately $666,840,000. Massachusetts Financial Services Co. MA increased its position in Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after buying an additional 232,395 shares in the last quarter. Finally, FMR LLC raised its holdings in shares of Allegion by 231.9% in the third quarter. FMR LLC now owns 290,466 shares of the scientific and technical instruments company’s stock worth $42,333,000 after acquiring an additional 202,957 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Price Performance

Allegion stock opened at $132.77 on Monday. 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 quick ratio of 1.29 and a current ratio of 1.71. The firm has a 50 day moving average price of $134.40 and a 200 day moving average price of $137.50. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 3.28 and a beta of 1.11.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.45%. Allegion’s payout ratio is 29.49%.

Insider Buying and Selling

In other Allegion news, CEO John H. Stone bought 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of analyst reports. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Morgan Stanley started coverage on shares of Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target for the company. Mizuho upped their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company lowered their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $140.83.

About Allegion

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.