Amiral Gestion Makes New Investment in Allegion plc (NYSE:ALLE)

Amiral Gestion acquired a new stake in Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,258 shares of the scientific and technical instruments company's stock, valued at approximately $2,125,000. Allegion accounts for 1.3% of Amiral Gestion's investment portfolio, making the stock its 16th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Douglass Winthrop Advisors LLC raised its position in shares of Allegion by 0.4% in the fourth quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after buying an additional 80 shares during the last quarter. Waterloo Capital L.P. raised its position in shares of Allegion by 1.2% in the fourth quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after buying an additional 83 shares during the last quarter. IFP Advisors Inc grew its holdings in Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after purchasing an additional 85 shares during the period. Smartleaf Asset Management LLC grew its holdings in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Allegion by 1.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 11,256 shares of the scientific and technical instruments company's stock valued at $1,471,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ALLE shares. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird boosted their target price on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Morgan Stanley boosted their price objective 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 boosted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company decreased 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $140.40.

Insider Transactions at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was 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 $1,302,000.02. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now directly owns 9,625 shares in the company, 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 corporate insiders.

Allegion Stock Up 0.6%

Shares of NYSE ALLE traded up $0.84 during mid-day trading on Thursday, reaching $143.94. The company had a trading volume of 392,205 shares, compared to its average volume of 853,091. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 3.97 and a beta of 1.02. The stock has a fifty day moving average of $133.73 and a two-hundred day moving average of $133.17. 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 12-month low of $113.27 and a 12-month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) 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 firm 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 firm posted $1.55 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities research analysts expect 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. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. 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 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.