Amiral Gestion Invests $2.13 Million 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,258 shares of the scientific and technical instruments company's stock, valued at approximately $2,125,000. Allegion accounts for approximately 1.3% of Amiral Gestion's portfolio, making the stock its 16th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Douglass Winthrop Advisors LLC raised its stake in shares of Allegion by 0.4% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock worth $2,911,000 after buying an additional 80 shares during the period. Waterloo Capital L.P. raised its stake in shares of Allegion by 1.2% during the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock worth $938,000 after buying an additional 83 shares during the period. IFP Advisors Inc raised its stake in shares of Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after buying an additional 85 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after buying an additional 101 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Allegion by 1.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 11,256 shares of the scientific and technical instruments company's stock worth $1,471,000 after buying an additional 110 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ALLE shares. Morgan Stanley upped their target price on 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 target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday, April 25th. Wells Fargo & Company reduced their target price on 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 upped 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, Wall Street Zen downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Allegion currently has an average rating of "Hold" and a consensus price target of $140.40.

Allegion Price Performance

NYSE ALLE traded down $1.78 during mid-day trading on Wednesday, hitting $142.75. The stock had a trading volume of 1,152,924 shares, compared to its average volume of 853,578. The firm's 50 day moving average is $133.41 and its 200 day moving average is $133.10. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 20.93, a PEG ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last issued its 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. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 EPS. Equities research analysts forecast that Allegion plc will post 7.77 earnings per share 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 $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.43%. The ex-dividend date is Friday, June 13th. Allegion's payout ratio is currently 28.65%.

Insider Buying and Selling at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of the 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 completion of the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the 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 transaction, the senior vice president now owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

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.