Nebula Research & Development LLC Raises Stock Position in Allegion plc (NYSE:ALLE)

Nebula Research & Development LLC grew its stake in Allegion plc (NYSE:ALLE - Free Report) by 535.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,717 shares of the scientific and technical instruments company's stock after buying an additional 9,873 shares during the period. Nebula Research & Development LLC's holdings in Allegion were worth $1,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Crew Capital Management Ltd. increased its holdings in Allegion by 224.9% in the fourth quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock worth $759,000 after purchasing an additional 4,022 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Allegion by 438.6% during the 4th quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock worth $34,983,000 after buying an additional 218,000 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Allegion by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company's stock valued at $26,724,000 after acquiring an additional 8,806 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Allegion by 73.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock valued at $2,452,000 after acquiring an additional 7,950 shares during the period. Finally, Magnetar Financial LLC bought a new position in Allegion during the fourth quarter worth $4,398,000. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Up 0.7 %

NYSE:ALLE traded up $0.97 on Tuesday, hitting $138.23. The stock had a trading volume of 968,122 shares, compared to its average volume of 831,931. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The firm's fifty day simple moving average is $127.48 and its two-hundred day simple moving average is $133.54. The stock has a market cap of $11.91 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.55 EPS. Analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.

Insider Transactions at Allegion

In other Allegion news, Director Gregg C. Sengstack purchased 8,000 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the purchase, the director now owns 8,000 shares of the company's stock, valued at $1,001,920. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David S. Ilardi sold 789 shares of the firm'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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last quarter. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday. Barclays upped their target price on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday. 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 research report on Wednesday, February 19th. Wells Fargo & Company lowered their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Finally, StockNews.com downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $140.40.

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.