Fuller & Thaler Asset Management Inc. Buys Shares of 17,093 Allegion plc (NYSE:ALLE)

Fuller & Thaler Asset Management Inc. purchased a new position in shares of Allegion plc (NYSE:ALLE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,093 shares of the scientific and technical instruments company's stock, valued at approximately $2,234,000.

A number of other large investors also recently added to or reduced their stakes in the company. MGO One Seven LLC acquired a new position in Allegion during the fourth quarter worth $755,000. Dark Forest Capital Management LP raised its stake in shares of Allegion by 11.1% in the fourth quarter. Dark Forest Capital Management LP now owns 10,953 shares of the scientific and technical instruments company's stock valued at $1,431,000 after acquiring an additional 1,091 shares in the last quarter. State of Tennessee Department of Treasury raised its stake in shares of Allegion by 62.4% in the fourth quarter. State of Tennessee Department of Treasury now owns 72,843 shares of the scientific and technical instruments company's stock valued at $9,519,000 after acquiring an additional 27,986 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Allegion by 310.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,766 shares of the scientific and technical instruments company's stock valued at $884,000 after acquiring an additional 5,119 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Allegion by 1.0% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock valued at $509,313,000 after acquiring an additional 38,377 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was 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 in the company, valued at $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 over the last 90 days. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley raised their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays raised their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Robert W. Baird raised their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. 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, the company presently has a consensus rating of "Hold" and a consensus price target of $140.40.

Allegion Stock Performance

Shares of ALLE stock traded down $0.34 during mid-day trading on Thursday, hitting $138.86. 136,868 shares of the stock were exchanged, compared to its average volume of 829,910. The stock's fifty day simple moving average is $127.95 and its two-hundred day simple moving average is $133.61. The stock has a market capitalization of $11.97 billion, a price-to-earnings ratio of 20.35, a P/E/G ratio of 3.97 and a beta of 1.01. Allegion plc has a 12-month low of $113.27 and a 12-month 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.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. On average, analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 1.47%. The ex-dividend date is Friday, June 13th. 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.