Bryce Point Capital LLC Acquires Shares of 3,747 Allegion plc (NYSE:ALLE)

Bryce Point Capital LLC purchased a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,747 shares of the scientific and technical instruments company's stock, valued at approximately $490,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D.A. Davidson & CO. purchased a new position in shares of Allegion in the third quarter worth $205,000. FMR LLC raised its stake in Allegion by 231.9% during the third quarter. FMR LLC now owns 290,466 shares of the scientific and technical instruments company's stock valued at $42,333,000 after buying an additional 202,957 shares during the last quarter. Public Sector Pension Investment Board grew its position in Allegion by 11.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 3,748 shares of the scientific and technical instruments company's stock valued at $546,000 after purchasing an additional 400 shares during the last quarter. Captrust Financial Advisors raised its holdings in Allegion by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock worth $516,000 after acquiring an additional 96 shares during the last quarter. Finally, Verition Fund Management LLC raised its stake in shares of Allegion by 100.7% in the third quarter. Verition Fund Management LLC now owns 11,229 shares of the scientific and technical instruments company's stock worth $1,637,000 after purchasing an additional 5,634 shares during the last quarter. 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 topic of a number of recent research reports. Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. Barclays lowered their price objective on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird lowered their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.67.

Insider Buying and Selling

In other news, Director Gregg C. Sengstack acquired 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,224 shares of company stock valued at $406,636 in the last quarter. Company insiders own 0.33% of the company's stock.

Allegion Stock Performance

Shares of ALLE stock traded up $6.03 during midday trading on Wednesday, hitting $124.55. The company had a trading volume of 1,348,842 shares, compared to its average volume of 805,523. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The stock has a market cap of $10.75 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The company's 50 day simple moving average is $127.92 and its 200 day simple moving average is $135.14.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $938.91 million. Research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.51 dividend. This is an increase from Allegion's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.64%. Allegion's dividend payout ratio (DPR) 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.