Cookson Peirce & Co. Inc. Takes Position in Allegion plc (NYSE:ALLE)

Cookson Peirce & Co. Inc. acquired a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 165,780 shares of the scientific and technical instruments company's stock, valued at approximately $21,664,000. Cookson Peirce & Co. Inc. owned 0.19% of Allegion at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group bought a new position in Allegion during the third quarter valued at $28,000. Private Trust Co. NA grew 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 purchasing an additional 115 shares during the period. Smartleaf Asset Management LLC grew its holdings in Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC grew its holdings in Allegion by 207.7% during the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company's stock valued at $58,000 after purchasing an additional 297 shares during the period. Finally, IFP Advisors Inc grew its holdings in Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after purchasing an additional 85 shares during the period. 92.21% of the stock is owned by institutional investors.

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Insider Buying and Selling

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

Allegion Price Performance

Shares of ALLE stock traded up $4.01 on Friday, reaching $131.36. The company's stock had a trading volume of 942,682 shares, compared to its average volume of 901,365. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The company has a market capitalization of $11.33 billion, a P/E ratio of 19.26, a PEG ratio of 3.97 and a beta of 1.10. The stock's 50 day simple moving average is $130.02 and its 200-day simple moving average is $137.10.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. As a group, equities analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. 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. This is an increase from Allegion's previous quarterly dividend of $0.48. Allegion's dividend payout ratio (DPR) is 29.91%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ALLE shares. Barclays reduced their price objective on Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a report on Wednesday, February 19th. Morgan Stanley raised their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a report on Friday. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company cut their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $138.33.

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.