Universal Beteiligungs und Servicegesellschaft mbH Makes New $25.84 Million Investment in Allegion plc (NYSE:ALLE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 197,755 shares of the scientific and technical instruments company's stock, valued at approximately $25,843,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.23% of Allegion at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ALLE. Millstone Evans Group LLC purchased a new stake in shares of Allegion in the fourth quarter worth approximately $28,000. Colonial Trust Co SC lifted its position in shares of Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Allegion in the fourth quarter worth approximately $35,000. GeoWealth Management LLC lifted its position in shares of Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after purchasing an additional 223 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 115 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird raised their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Wall Street Zen lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays raised their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. One 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, the company currently has an average rating of "Hold" and an average price target of $140.40.

Allegion Stock Down 2.4%

ALLE traded down $3.41 during midday trading on Monday, hitting $139.29. 1,146,524 shares of the company's stock traded hands, compared to its average volume of 858,696. Allegion plc has a one year low of $113.27 and a one year 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's fifty day simple moving average is $134.42 and its 200-day simple moving average is $133.06. The company has a market cap of $11.99 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02.

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 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same quarter last year, the company posted $1.55 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, equities analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.46%. Allegion's dividend payout ratio (DPR) is presently 28.65%.

Insider Buying and Selling at Allegion

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 value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 transaction 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 position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

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.