Crew Capital Management Ltd. Purchases 4,022 Shares of Allegion plc (NYSE:ALLE)

Crew Capital Management Ltd. increased its stake in Allegion plc (NYSE:ALLE - Free Report) by 224.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,810 shares of the scientific and technical instruments company's stock after purchasing an additional 4,022 shares during the quarter. Crew Capital Management Ltd.'s holdings in Allegion were worth $759,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in shares of Allegion by 1,330.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock worth $148,000 after purchasing an additional 1,051 shares during the period. Norden Group LLC grew its stake in Allegion by 13.4% in the 4th quarter. Norden Group LLC now owns 2,001 shares of the scientific and technical instruments company's stock valued at $261,000 after buying an additional 237 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 101 shares in the last quarter. Cape Investment Advisory Inc. grew its stake in Allegion by 45.1% in the 4th quarter. Cape Investment Advisory Inc. now owns 537 shares of the scientific and technical instruments company's stock valued at $70,000 after buying an additional 167 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in Allegion by 56.1% in the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after buying an additional 115 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

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Allegion Price Performance

Shares of ALLE traded up $4.01 during mid-day trading on Friday, reaching $131.36. 942,682 shares of the stock traded hands, compared to its average volume of 901,365. The firm has a fifty day moving average price of $130.02 and a 200 day moving average price of $137.10. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 3.97 and a beta of 1.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. As a group, equities research analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is an increase from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Friday, March 14th. Allegion's payout ratio is currently 29.91%.

Analyst Ratings Changes

ALLE has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company reduced their price objective 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. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday. Finally, Robert W. Baird reduced their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $138.33.

Insider Transactions at Allegion

In related news, Director Gregg C. Sengstack acquired 8,000 shares of the company's stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

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.