MGO One Seven LLC Invests $755,000 in Allegion plc (NYSE:ALLE)

MGO One Seven LLC bought a new stake in Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,781 shares of the scientific and technical instruments company's stock, valued at approximately $755,000.

Other hedge funds have also recently made changes to their positions in the company. Dark Forest Capital Management LP increased its position in Allegion by 11.1% in the 4th 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 during the period. State of Tennessee Department of Treasury increased its holdings in 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 purchasing an additional 27,986 shares during the period. Tower Research Capital LLC TRC raised its position in Allegion by 310.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,766 shares of the scientific and technical instruments company's stock worth $884,000 after purchasing an additional 5,119 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Allegion by 1.0% during the fourth 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 acquiring an additional 38,377 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Allegion by 3.8% in the fourth quarter. MML Investors Services LLC now owns 36,778 shares of the scientific and technical instruments company's stock worth $4,806,000 after acquiring an additional 1,361 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 1.8 %

Shares of Allegion stock traded up $2.51 on Friday, hitting $141.20. The company had a trading volume of 232,631 shares, compared to its average volume of 830,062. Allegion plc has a 1 year low of $113.27 and a 1 year 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 stock has a 50 day moving average of $128.16 and a 200-day moving average of $133.54. The stock has a market capitalization of $12.17 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.97 and a beta of 1.01.

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 EPS for the quarter, beating 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 analyst estimates of $918.53 million. During the same period in the prior year, the firm posted $1.55 EPS. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced 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. This represents a $2.04 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio is presently 28.65%.

Insider Activity

In related news, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock valued at $406,636 in the last ninety days. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

ALLE has been the subject of several analyst reports. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Barclays upped their price target 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. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird upped their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $140.40.

About Allegion

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.