Natixis Advisors L.P. Has $12.49 Million Position in Allegion plc (NYSE:ALLE)

Natixis Advisors L.P. boosted its position in Allegion plc (NYSE:ALLE - Free Report) by 261.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,576 shares of the scientific and technical instruments company's stock after purchasing an additional 71,338 shares during the period. Natixis Advisors L.P. owned about 0.11% of Allegion worth $12,487,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Boston Partners grew its holdings in Allegion by 17.2% during the 3rd quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company's stock valued at $584,157,000 after buying an additional 825,048 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Allegion by 3.9% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company's stock valued at $335,411,000 after buying an additional 119,954 shares during the last quarter. Van ECK Associates Corp grew its holdings in Allegion by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company's stock valued at $407,391,000 after buying an additional 441,882 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Allegion by 11.7% during the third quarter. Invesco Ltd. now owns 1,467,586 shares of the scientific and technical instruments company's stock worth $152,922,000 after purchasing an additional 153,806 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Allegion by 0.3% during the third quarter. Deutsche Bank AG now owns 1,360,639 shares of the scientific and technical instruments company's stock worth $141,779,000 after purchasing an additional 4,332 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ALLE. Barclays raised their price objective on Allegion from $121.00 to $122.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 2nd. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a report on Wednesday, April 10th. UBS Group raised their price objective on Allegion from $113.00 to $132.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Wells Fargo & Company cut Allegion from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $139.00 to $140.00 in a report on Wednesday, February 21st. Finally, Mizuho cut Allegion from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $140.00 to $141.00 in a report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $127.83.

Insider Buying and Selling at Allegion

In other news, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total transaction of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares of the company's stock, valued at $4,623,354.33. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Allegion news, CEO John H. Stone bought 10,000 shares of the company's stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the transaction, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares in the company, valued at $4,623,354.33. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Allegion Trading Down 0.2 %

Allegion stock traded down $0.24 during midday trading on Wednesday, reaching $124.13. The stock had a trading volume of 590,725 shares, compared to its average volume of 707,755. Allegion plc has a twelve month low of $95.94 and a twelve month high of $136.91. The stock has a market capitalization of $10.85 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 4.38 and a beta of 1.14. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.87 and a current ratio of 1.31. The stock's 50-day simple moving average is $129.06 and its 200 day simple moving average is $120.92.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The firm had revenue of $893.90 million for the quarter, compared to analysts' expectations of $888.27 million. During the same quarter last year, the firm earned $1.58 earnings per share. The firm's revenue for the quarter was down 3.2% compared to the same quarter last year. Analysts expect that Allegion plc will post 7.08 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion's dividend payout ratio (DPR) is presently 31.32%.

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.