Caisse DE Depot ET Placement DU Quebec Makes New $12.23 Million Investment in Allegion plc (NYSE:ALLE)

Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Allegion plc (NYSE:ALLE - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 93,601 shares of the scientific and technical instruments company's stock, valued at approximately $12,232,000. Caisse DE Depot ET Placement DU Quebec owned approximately 0.11% of Allegion at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Allegion by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock worth $1,400,688,000 after acquiring an additional 177,808 shares in the last quarter. Boston Partners raised its holdings in Allegion by 11.6% during 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 purchasing an additional 488,390 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Allegion by 1.0% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock valued at $509,313,000 after acquiring an additional 38,377 shares during the last quarter. Van ECK Associates Corp grew its holdings in Allegion by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock valued at $449,033,000 after purchasing an additional 257,175 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Allegion by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock worth $280,607,000 after purchasing an additional 41,417 shares during the period. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ALLE. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays boosted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Robert W. Baird boosted their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $140.40.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gregg C. Sengstack bought 8,000 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 in the last quarter. Company insiders own 0.33% of the company's stock.

Allegion Stock Performance

Shares of ALLE stock traded up $0.40 during trading on Wednesday, reaching $140.30. 898,929 shares of the company's stock were exchanged, compared to its average volume of 836,298. The firm's fifty day moving average price is $128.86 and its 200-day moving average price is $133.18. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a market capitalization of $12.07 billion, a PE ratio of 20.57, a PEG ratio of 3.97 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

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

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Friday, June 13th. Allegion's dividend 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.