Murphy Capital Management Inc. reduced its stake in Allegion PLC (NYSE:ALLE) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,377 shares of the scientific and technical instruments company’s stock after selling 533 shares during the period. Murphy Capital Management Inc.’s holdings in Allegion were worth $747,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ALLE. Financial Gravity Companies Inc. bought a new position in Allegion during the 4th quarter worth about $219,000. Tradition Capital Management LLC grew its holdings in shares of Allegion by 8.9% in the 4th quarter. Tradition Capital Management LLC now owns 4,886 shares of the scientific and technical instruments company’s stock valued at $389,000 after acquiring an additional 400 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Allegion by 7.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,212 shares of the scientific and technical instruments company’s stock valued at $1,213,000 after acquiring an additional 1,112 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Allegion by 4.9% in the 4th quarter. Dupont Capital Management Corp now owns 181,485 shares of the scientific and technical instruments company’s stock valued at $14,466,000 after acquiring an additional 8,453 shares in the last quarter. Finally, Handelsbanken Fonder AB grew its holdings in shares of Allegion by 22.5% in the 4th quarter. Handelsbanken Fonder AB now owns 1,037,129 shares of the scientific and technical instruments company’s stock valued at $82,670,000 after acquiring an additional 190,159 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Shares of ALLE stock opened at $91.39 on Monday. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.79 and a quick ratio of 1.22. Allegion PLC has a 12-month low of $73.85 and a 12-month high of $94.30. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 23.08, a P/E/G ratio of 1.45 and a beta of 1.21.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. This is an increase from Allegion’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 14th. Allegion’s payout ratio is presently 21.21%.

Several equities research analysts recently issued reports on ALLE shares. Zacks Investment Research downgraded shares of Allegion from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. ValuEngine upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Tuesday, November 27th. Finally, Wells Fargo & Co raised their price objective on shares of Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $95.50.

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Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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