Neuberger Berman Group LLC lifted its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 65.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,983 shares of the scientific and technical instruments company's stock after acquiring an additional 6,339 shares during the period. Neuberger Berman Group LLC's holdings in Allegion were worth $2,089,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Douglass Winthrop Advisors LLC grew its holdings in Allegion by 0.4% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after purchasing an additional 80 shares in the last quarter. Heritage Family Offices LLP boosted its holdings in Allegion by 3.2% in the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company's stock worth $346,000 after purchasing an additional 82 shares during the period. Waterloo Capital L.P. grew its position in shares of Allegion by 1.2% during the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after buying an additional 83 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 85 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Allegion by 2.8% during the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company's stock valued at $516,000 after acquiring an additional 96 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Allegion
In related news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now owns 8,000 shares in the company, valued at $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is currently owned by company insiders.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Wells Fargo & Company dropped their price objective 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. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird dropped their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley raised 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. Finally, Barclays lowered their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $137.67.
Get Our Latest Research Report on Allegion
Allegion Trading Up 0.5 %
ALLE stock traded up $0.67 during midday trading on Tuesday, hitting $126.96. 753,390 shares of the company's stock were exchanged, compared to its average volume of 813,611. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The company has a market cap of $10.96 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The stock's fifty day moving average price is $127.66 and its 200-day moving average price is $134.68.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. Research analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.
Allegion Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. Allegion's dividend payout ratio (DPR) is presently 29.91%.
About Allegion
(
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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