Algert Global LLC Buys Shares of 4,345 Allegion plc (NYSE:ALLE)

Algert Global LLC bought a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,345 shares of the scientific and technical instruments company's stock, valued at approximately $568,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Allegion by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after acquiring an additional 177,808 shares in the last quarter. 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 valued at $616,503,000 after buying an additional 488,390 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Allegion by 1.0% during the fourth 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 boosted its stake in Allegion by 8.1% in 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 acquiring an additional 257,175 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Allegion by 2.0% during 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 in the last quarter. Institutional investors own 92.21% of the company's stock.

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. The trade was a 16.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were bought 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. Insiders sold 3,224 shares of company stock worth $406,636 in the last 90 days. 0.33% of the stock is currently owned by corporate insiders.

Allegion Price Performance

Shares of NYSE ALLE traded down $1.52 during mid-day trading on Wednesday, reaching $141.33. The company's stock had a trading volume of 922,510 shares, compared to its average volume of 841,760. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The stock has a 50-day moving average of $130.39 and a two-hundred day moving average of $132.96. The stock has a market capitalization of $12.16 billion, a P/E ratio of 20.72, a P/E/G ratio of 3.97 and a beta of 1.02. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same quarter in the previous year, the company earned $1.55 earnings per share. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. Allegion's payout ratio is currently 28.65%.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLE. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Morgan Stanley lifted their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company lowered their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Robert W. Baird raised their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. Finally, Barclays increased their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $140.40.

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.