Centiva Capital LP Grows Stock Position in Allegion plc (NYSE:ALLE)

Centiva Capital LP boosted its stake in Allegion plc (NYSE:ALLE - Free Report) by 251.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 18,138 shares of the scientific and technical instruments company's stock after acquiring an additional 12,976 shares during the quarter. Centiva Capital LP's holdings in Allegion were worth $2,370,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC purchased a new stake in shares of Allegion during the fourth quarter worth about $28,000. Atala Financial Inc acquired a new stake in Allegion in the 4th quarter worth about $35,000. GeoWealth Management LLC increased its stake in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 223 shares in the last quarter. Private Trust Co. NA raised its holdings in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 115 shares during the last quarter. Finally, Tortoise Investment Management LLC lifted its position in shares of Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on ALLE shares. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley raised their price target 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. Barclays upped their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. Finally, 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. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $140.40.

Insider Activity at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregg C. Sengstack bought 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the purchase, the director now owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. Company insiders own 0.33% of the company's stock.

Allegion Trading Up 0.5 %

Allegion stock traded up $0.69 during midday trading on Friday, hitting $141.60. 593,225 shares of the stock were exchanged, compared to its average volume of 838,051. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.97 and a beta of 1.02. The stock's 50-day simple moving average is $129.74 and its 200 day simple moving average is $133.09. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

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

Allegion Dividend Announcement

The firm also recently disclosed 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 dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is 28.65%.

Allegion Company 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.