10,168 Shares in Allegion plc (NYSE:ALLE) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new position in Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 10,168 shares of the scientific and technical instruments company's stock, valued at approximately $1,329,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp increased its position in shares of Allegion by 270.6% during the 4th quarter. Mackenzie Financial Corp now owns 10,346 shares of the scientific and technical instruments company's stock worth $1,352,000 after purchasing an additional 7,554 shares during the last quarter. Amiral Gestion purchased a new position in Allegion during the 4th quarter valued at about $2,125,000. Waverly Advisors LLC purchased a new position in Allegion during the 4th quarter valued at about $200,000. Woodline Partners LP purchased a new position in Allegion during the 4th quarter valued at about $7,896,000. Finally, Sone Capital Management LLC purchased a new position in Allegion during the 4th quarter valued at about $498,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allegion news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction that occurred 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 owns 9,625 shares in the company, valued at approximately $1,205,820. The trade was a 7.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value 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. The trade was a 16.51% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALLE. Barclays raised their target price on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Robert W. Baird raised their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wells Fargo & Company decreased their price objective 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. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Morgan Stanley lifted their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat.com, Allegion has an average rating of "Hold" and an average target price of $140.40.

Allegion Stock Down 0.5%

ALLE stock traded down $0.73 during trading on Friday, hitting $142.62. 1,088,334 shares of the company's stock were exchanged, compared to its average volume of 858,577. The business has a 50-day moving average price of $133.98 and a two-hundred day moving average price of $133.17. The stock has a market capitalization of $12.27 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.97 and a beta of 1.02. Allegion plc has a 52-week low of $113.27 and a 52-week 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 earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.18. The firm 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 revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. As a group, equities research analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's payout ratio is 28.65%.

Allegion 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.