Nebula Research & Development LLC Boosts Stake in Allegion plc (NYSE:ALLE)

Nebula Research & Development LLC lifted its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 535.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,717 shares of the scientific and technical instruments company's stock after acquiring an additional 9,873 shares during the period. Nebula Research & Development LLC's holdings in Allegion were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ALLE. Millstone Evans Group LLC bought a new position in Allegion in the 4th quarter valued at approximately $28,000. Atala Financial Inc bought a new stake in Allegion during the 4th quarter worth $35,000. GeoWealth Management LLC grew its holdings in shares of Allegion by 259.3% during 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 during the last quarter. Private Trust Co. NA raised its position in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after acquiring an additional 115 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Allegion by 78.0% during the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock worth $51,000 after buying an additional 170 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Transactions at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was 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. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now 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. Insiders sold 3,224 shares of company stock worth $406,636 over the last quarter. Corporate insiders own 0.33% of the company's stock.

Allegion Stock Performance

Shares of ALLE stock traded down $0.03 during trading hours on Thursday, hitting $139.17. 150,497 shares of the company were exchanged, compared to its average volume of 829,992. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The firm has a fifty day simple moving average of $127.95 and a 200 day simple moving average of $133.61. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of 20.39, a P/E/G ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (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 firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same period in the previous year, the company posted $1.55 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Research analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.47%. Allegion's dividend payout ratio is presently 28.65%.

Wall Street Analyst Weigh In

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

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.