Generali Asset Management SPA SGR purchased a new position in Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,976 shares of the scientific and technical instruments company's stock, valued at approximately $2,872,000.
Several other institutional investors have also recently made changes to their positions in ALLE. Victory Capital Management Inc. raised its stake in Allegion by 1.9% during the 3rd quarter. Victory Capital Management Inc. now owns 60,745 shares of the scientific and technical instruments company's stock worth $8,853,000 after acquiring an additional 1,160 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock worth $425,000 after purchasing an additional 82 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Allegion by 6.7% during the 3rd quarter. Natixis Advisors LLC now owns 110,533 shares of the scientific and technical instruments company's stock valued at $16,109,000 after purchasing an additional 6,959 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Allegion by 42.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company's stock valued at $768,000 after buying an additional 1,576 shares in the last quarter. Finally, Pathstone Holdings LLC increased its stake in Allegion by 4.9% in the 3rd quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company's stock worth $1,861,000 after buying an additional 596 shares in the last quarter. Institutional investors own 92.21% of the company's stock.
Insider Transactions at Allegion
In other Allegion news, SVP David S. Ilardi sold 789 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value 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 represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ALLE. Wells Fargo & Company decreased their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley lifted their price target 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. StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird reduced their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a report on Wednesday, February 19th. Finally, Barclays decreased their target price on Allegion from $134.00 to $130.00 and set an "underweight" 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 issued a hold rating to the company's stock. Based on data from MarketBeat.com, Allegion currently has an average rating of "Hold" and a consensus price target of $138.33.
Read Our Latest Stock Analysis on ALLE
Allegion Price Performance
Shares of NYSE ALLE traded up $3.52 during mid-day trading on Monday, hitting $130.58. 1,057,184 shares of the company's stock traded hands, compared to its average volume of 726,297. 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 1 year low of $113.27 and a 1 year high of $156.10. The company's 50-day moving average is $129.67 and its two-hundred day moving average is $136.45. The company has a market capitalization of $11.27 billion, a P/E ratio of 19.15, a PEG ratio of 3.97 and a beta of 1.11.
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, beating analysts' consensus estimates of $1.75 by $0.11. The business 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%. On average, equities analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.
Allegion Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders 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 1.56%. This is a positive change 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 presently 29.91%.
Allegion Company Profile
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Free Report)
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.
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