Woodline Partners LP Acquires Shares of 60,423 Allegion plc (NYSE:ALLE)

Woodline Partners LP bought a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 60,423 shares of the scientific and technical instruments company's stock, valued at approximately $7,896,000. Woodline Partners LP owned about 0.07% of Allegion as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in ALLE. Sone Capital Management LLC bought a new stake in Allegion in the fourth quarter valued at about $498,000. Squarepoint Ops LLC boosted its holdings in Allegion by 11,506.8% during the fourth quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company's stock worth $35,584,000 after buying an additional 269,949 shares during the last quarter. Tidal Investments LLC grew its position in shares of Allegion by 187.1% during the 4th quarter. Tidal Investments LLC now owns 17,854 shares of the scientific and technical instruments company's stock worth $2,333,000 after buying an additional 11,636 shares during the period. True Wealth Design LLC increased its stake in shares of Allegion by 226.3% in the 4th quarter. True Wealth Design LLC now owns 509 shares of the scientific and technical instruments company's stock valued at $67,000 after acquiring an additional 353 shares during the last quarter. Finally, State of Wyoming increased its stake in shares of Allegion by 1,041.7% in the 4th quarter. State of Wyoming now owns 5,583 shares of the scientific and technical instruments company's stock valued at $730,000 after acquiring an additional 5,094 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALLE shares. 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 report on Wednesday, February 19th. Barclays upped 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. Morgan Stanley boosted their target price on 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 lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Robert W. Baird boosted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $140.40.

Insider Transactions at Allegion

In related news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares of the company's stock, valued at approximately $1,205,820. The trade was a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the 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 transaction, the senior vice president now directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. This trade represents a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Allegion Price Performance

ALLE stock opened at $141.54 on Friday. The stock has a 50-day moving average price of $132.56 and a two-hundred day moving average price of $133.16. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The stock has a market cap of $12.18 billion, a PE ratio of 20.75, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. 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 quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. During the same period last year, the company earned $1.55 earnings per share. Allegion's quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.44%. Allegion's dividend payout ratio (DPR) is presently 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.

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