Amiral Gestion Takes Position in Allegion plc (NYSE:ALLE)

Amiral Gestion purchased a new stake in Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 16,258 shares of the scientific and technical instruments company's stock, valued at approximately $2,125,000. Allegion comprises 1.3% of Amiral Gestion's portfolio, making the stock its 16th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC lifted its stake in Allegion by 28.9% in the third quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock valued at $37,861,000 after buying an additional 58,268 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of Allegion by 10.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company's stock valued at $503,000 after buying an additional 362 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Allegion during the fourth quarter worth approximately $282,000. Arkadios Wealth Advisors bought a new position in Allegion in the 4th quarter worth approximately $277,000. Finally, Crossmark Global Holdings Inc. increased its position in Allegion by 383.5% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,460 shares of the scientific and technical instruments company's stock valued at $1,497,000 after acquiring an additional 9,090 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley increased 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. Barclays boosted their price target 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. Finally, Robert W. Baird upped their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $140.40.

Insider Transactions 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 directly 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 Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Allegion Price Performance

ALLE stock traded up $3.19 during trading hours on Tuesday, hitting $144.50. 1,178,623 shares of the stock traded hands, compared to its average volume of 852,381. The stock has a 50-day simple moving average of $133.41 and a 200 day simple moving average of $133.10. The company has a market cap of $12.43 billion, a P/E ratio of 21.19, a P/E/G ratio of 3.97 and a beta of 1.02. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

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, beating 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 company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. During the same quarter last year, the firm posted $1.55 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date 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.