10,168 Shares in Allegion plc (NYSE:ALLE) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in shares of Allegion plc (NYSE:ALLE - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,168 shares of the scientific and technical instruments company's stock, valued at approximately $1,329,000.

A number of other institutional investors have also added to or reduced their stakes in ALLE. Fiduciary Management Inc. WI acquired a new stake in Allegion during the fourth quarter valued at approximately $116,484,000. Norges Bank acquired a new stake in Allegion during the fourth quarter valued at approximately $108,058,000. Raymond James Financial Inc. acquired a new stake in Allegion during the fourth quarter valued at approximately $65,175,000. Boston Partners boosted its holdings in shares of Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock worth $616,503,000 after acquiring an additional 488,390 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Allegion by 312.4% in the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company's stock worth $75,012,000 after acquiring an additional 434,820 shares in 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, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. The trade was a 7.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 3,224 shares of company stock worth $406,636. Insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ALLE. Robert W. Baird boosted their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Barclays boosted their target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley boosted their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Finally, StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Allegion has an average rating of "Hold" and a consensus target price of $140.40.

Allegion Stock Performance

ALLE stock opened at $141.33 on Thursday. 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 company has a 50 day moving average price of $130.39 and a 200 day moving average price of $132.96. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The stock has a market capitalization of $12.16 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. During the same quarter in the previous year, the company posted $1.55 EPS. Allegion's revenue was up 5.4% on a year-over-year basis. Analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is 28.65%.

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.

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