Lansforsakringar Fondforvaltning AB publ Buys New Shares in Allegion plc (NYSE:ALLE)

Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,917 shares of the scientific and technical instruments company's stock, valued at approximately $3,648,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crew Capital Management Ltd. lifted its stake in shares of Allegion by 224.9% during the 4th quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock valued at $759,000 after buying an additional 4,022 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Allegion by 438.6% during the 4th quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock valued at $34,983,000 after buying an additional 218,000 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Allegion by 4.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company's stock valued at $26,724,000 after buying an additional 8,806 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Allegion by 73.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock valued at $2,452,000 after buying an additional 7,950 shares in the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of Allegion during the 4th quarter valued at approximately $4,398,000. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

NYSE ALLE traded down $0.28 on Tuesday, hitting $139.13. The stock had a trading volume of 1,492,760 shares, compared to its average volume of 862,485. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. The firm has a 50-day moving average of $134.60 and a 200-day moving average of $133.10.

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. The firm had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.55 EPS. Equities analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio (DPR) is currently 28.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALLE. Morgan Stanley upped their price target 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. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird upped their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Barclays increased their target price 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 lowered their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $140.40.

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,032 shares of the firm'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 owns 10,273 shares in the company, valued at approximately $1,302,000.02. This trade represents a 16.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.23% of the company's stock.

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.