Machina Capital S.A.S. Buys Shares of 5,166 Allegion plc (NYSE:ALLE)

Machina Capital S.A.S. purchased a new stake in Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,166 shares of the scientific and technical instruments company's stock, valued at approximately $675,000.

Several other hedge funds have also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of Allegion in the third quarter worth $28,000. Private Trust Co. NA increased its holdings in Allegion by 56.1% in the 4th 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 in 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 valued at $53,000 after purchasing an additional 101 shares during the period. Global Retirement Partners LLC lifted its stake in shares of 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 worth $58,000 after purchasing an additional 297 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after buying 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 Ratings Changes

Several brokerages have issued reports on ALLE. 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 research report on Wednesday, February 19th. Wells Fargo & Company decreased their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays lowered their price objective on Allegion from $134.00 to $130.00 and set an "underweight" rating for the company in a research note on Wednesday, February 19th. Finally, Robert W. Baird decreased their price target 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $138.33.

Allegion Stock Performance

Shares of ALLE traded down $2.05 during mid-day trading on Wednesday, hitting $123.91. The stock had a trading volume of 1,048,206 shares, compared to its average volume of 914,983. 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 company has a market cap of $10.69 billion, a PE ratio of 18.17, a PEG ratio of 3.97 and a beta of 1.11. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company's fifty day simple moving average is $129.96 and its two-hundred day simple moving average is $137.06.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, equities analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

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

Insider Buying and Selling at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

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.