ExodusPoint Capital Management LP Acquires 66,240 Shares of Allegion plc (NYSE:ALLE)

ExodusPoint Capital Management LP increased its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 1,190.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,803 shares of the scientific and technical instruments company's stock after buying an additional 66,240 shares during the quarter. ExodusPoint Capital Management LP owned about 0.08% of Allegion worth $9,383,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of Allegion in the 4th quarter worth about $28,000. Atala Financial Inc bought a new stake in shares of Allegion during the fourth quarter valued at approximately $35,000. Private Trust Co. NA boosted its position in shares of 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 worth $42,000 after buying an additional 115 shares during the period. Tortoise Investment Management LLC grew its holdings in Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock worth $51,000 after buying an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position 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 acquiring an additional 101 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ALLE. 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 report on Wednesday, February 19th. Robert W. Baird lowered their price objective on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley increased their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays decreased their price objective on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research report on Wednesday, March 26th. 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, Allegion presently has an average rating of "Hold" and a consensus price target of $137.67.

Allegion Stock Down 4.0 %

NYSE:ALLE traded down $4.94 during trading hours on Thursday, reaching $119.71. The company's stock had a trading volume of 418,975 shares, compared to its average volume of 804,229. The business's 50-day moving average is $127.92 and its 200-day moving average is $135.14. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE - Get Free Report) last announced 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. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Equities research analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.51 dividend. This is an increase from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Friday, March 14th. Allegion's dividend payout ratio (DPR) is currently 29.91%.

Insider Transactions at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now directly owns 10,273 shares of the company's stock, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. Company insiders own 0.33% of the company's stock.

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.