Dai ichi Life Insurance Company Ltd Acquires Shares of 4,923 Allegion plc (NYSE:ALLE)

Dai ichi Life Insurance Company Ltd purchased a new position in shares of Allegion plc (NYSE:ALLE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,923 shares of the scientific and technical instruments company's stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Qsemble Capital Management LP purchased a new stake in shares of Allegion in the 3rd quarter worth approximately $891,000. Mirabella Financial Services LLP lifted its holdings in shares of Allegion by 1,209.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 51,308 shares of the scientific and technical instruments company's stock valued at $7,478,000 after buying an additional 47,391 shares during the period. Daiwa Securities Group Inc. raised its holdings in Allegion by 13.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 10,811 shares of the scientific and technical instruments company's stock worth $1,576,000 after purchasing an additional 1,303 shares during the period. Larson Financial Group LLC raised its holdings in Allegion by 51.9% in the 3rd quarter. Larson Financial Group LLC now owns 2,477 shares of the scientific and technical instruments company's stock worth $361,000 after purchasing an additional 846 shares during the period. Finally, Swedbank AB raised its holdings in Allegion by 1.0% in the 3rd quarter. Swedbank AB now owns 71,740 shares of the scientific and technical instruments company's stock worth $10,455,000 after purchasing an additional 700 shares during the period. Institutional investors own 92.21% of the company's stock.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 8,035 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the sale, the senior vice president now owns 7,104 shares of the company's stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALLE shares. Robert W. Baird increased their price target on Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Barclays lifted their price target on Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. Wells Fargo & Company raised their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Finally, Mizuho lifted their price target on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $144.60.

Allegion Price Performance

Shares of Allegion stock traded down $0.57 during trading hours on Friday, reaching $140.84. The stock had a trading volume of 363,655 shares, compared to its average volume of 726,531. Allegion plc has a twelve month low of $103.57 and a twelve month high of $156.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock's 50 day moving average is $143.87 and its 200 day moving average is $132.72. The firm has a market capitalization of $12.24 billion, a PE ratio of 21.72, a PEG ratio of 3.37 and a beta of 1.11.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. During the same quarter in the prior year, the company posted $1.94 EPS. The business's revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.36%. Allegion's dividend payout ratio is currently 29.49%.

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.