Allegion plc (NYSE:ALLE) Shares Purchased by Andra AP fonden

Andra AP fonden raised its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 19.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 107,929 shares of the scientific and technical instruments company's stock after acquiring an additional 17,229 shares during the period. Andra AP fonden owned approximately 0.12% of Allegion worth $14,104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brooklyn Investment Group purchased a new stake in shares of Allegion during the 3rd quarter valued at about $28,000. Private Trust Co. NA increased its holdings in 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 valued at $42,000 after buying an additional 115 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after acquiring an additional 101 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Allegion by 207.7% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company's stock worth $58,000 after acquiring an additional 297 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

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Analyst Upgrades and Downgrades

ALLE has been the subject of several recent analyst reports. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays dropped their target price on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Morgan Stanley increased their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Finally, Robert W. Baird cut their price objective on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $138.33.

Insider Activity at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of Allegion 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 completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gregg C. Sengstack purchased 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Allegion Stock Down 1.6 %

ALLE stock traded down $2.05 during trading on Wednesday, hitting $123.91. 1,048,205 shares of the company's stock traded hands, compared to its average volume of 714,375. The business has a fifty day simple moving average of $129.96 and a two-hundred day simple moving average of $137.06. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $10.69 billion, a P/E ratio of 18.17, a PEG ratio of 3.97 and a beta of 1.11. 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 the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.65%. This is an increase from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Allegion's payout ratio is 29.91%.

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.