Squarepoint Ops LLC raised its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 11,506.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 272,295 shares of the scientific and technical instruments company's stock after buying an additional 269,949 shares during the period. Squarepoint Ops LLC owned about 0.31% of Allegion worth $35,584,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in ALLE. Vanguard Group Inc. raised its holdings in Allegion by 1.7% during 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 buying an additional 177,808 shares during the period. Boston Partners lifted its holdings in shares of Allegion by 11.6% in the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after purchasing an additional 488,390 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Allegion by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock worth $509,313,000 after buying an additional 38,377 shares during the period. Van ECK Associates Corp grew its holdings in shares of 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 buying an additional 257,175 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in 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 valued at $280,607,000 after buying an additional 41,417 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.
Insiders Place Their Bets
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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at $1,205,820. This represents a 7.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on ALLE. Barclays raised their price objective on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Robert W. Baird boosted their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their target price 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. Finally, StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. Based on data from MarketBeat, Allegion has an average rating of "Hold" and a consensus price target of $140.40.
Check Out Our Latest Stock Analysis on Allegion
Allegion Trading Down 0.6%
NYSE:ALLE opened at $143.58 on Wednesday. The company has a market capitalization of $12.35 billion, a P/E ratio of 21.05, a P/E/G ratio of 3.97 and a beta of 1.02. The stock's 50 day moving average price is $131.60 and its 200 day moving average price is $133.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. On average, research analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Dividend Announcement
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 issued 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 yield of 1.42%. Allegion's dividend payout ratio (DPR) is currently 28.65%.
Allegion Company Profile
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Free Report)
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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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