Allegion plc (NYSE:ALLE) Shares Bought by Man Group plc

Man Group plc raised its stake in Allegion plc (NYSE:ALLE - Free Report) by 466.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 202,826 shares of the scientific and technical instruments company's stock after purchasing an additional 166,996 shares during the quarter. Man Group plc owned 0.23% of Allegion worth $26,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ALLE. Vanguard Group Inc. grew its stake in shares of Allegion by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock worth $1,400,688,000 after acquiring an additional 177,808 shares during the period. Boston Partners grew its stake in shares of Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock worth $616,503,000 after acquiring an additional 488,390 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Allegion by 1.0% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company's stock worth $509,313,000 after purchasing an additional 38,377 shares during the period. Van ECK Associates Corp boosted its stake in Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock worth $449,033,000 after purchasing an additional 257,175 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Allegion by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock worth $280,607,000 after purchasing an additional 41,417 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALLE has been the topic of several recent analyst reports. Barclays raised their price target 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 price objective 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 on the stock in a report on Wednesday, February 19th. Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $140.40.

Allegion Price Performance

Allegion stock traded down $1.18 during midday trading on Monday, reaching $144.46. 689,412 shares of the stock traded hands, compared to its average volume of 845,870. The stock's fifty day moving average is $131.60 and its 200-day moving average is $133.01. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The stock has a market cap of $12.43 billion, a P/E ratio of 21.18, a PEG ratio of 3.97 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

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 analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million during 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 firm's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 earnings per share. As a group, equities research analysts anticipate 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. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.41%. Allegion's dividend payout ratio (DPR) is 28.65%.

Insider Buying and Selling

In other news, Director Gregg C. Sengstack purchased 8,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. This trade represents a 7.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock worth $406,636 in the last ninety days. 0.33% of the stock is owned by insiders.

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.