4,004 Shares in Allegion plc (NYSE:ALLE) Bought by Martingale Asset Management L P

Martingale Asset Management L P acquired a new position in shares of Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,004 shares of the scientific and technical instruments company's stock, valued at approximately $523,000.

Several other large investors have also recently added to or reduced their stakes in ALLE. Millstone Evans Group LLC bought a new position in shares of Allegion during the fourth quarter worth about $28,000. Atala Financial Inc acquired a new stake in shares of Allegion in the fourth quarter valued at approximately $35,000. Private Trust Co. NA raised its holdings 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 valued at $42,000 after buying an additional 115 shares during the last quarter. 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.

Insider Activity at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company's stock, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is currently owned by corporate insiders.

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Allegion Stock Up 0.5 %

Shares of NYSE:ALLE traded up $0.67 during trading on Tuesday, reaching $126.96. 753,390 shares of the company traded hands, compared to its average volume of 813,611. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. 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 firm has a market cap of $10.96 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The firm has a fifty day simple moving average of $127.62 and a 200 day simple moving average of $134.63.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results 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 return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Analysts anticipate that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.61%. Allegion's dividend payout ratio is currently 29.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALLE shares. Morgan Stanley raised their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company cut their price objective on 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 downgraded Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird reduced 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. Finally, Barclays reduced their target price on Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $137.67.

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.