Nordea Investment Management AB increased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,175,995 shares of the scientific and technical instruments company's stock after purchasing an additional 49,176 shares during the quarter. Nordea Investment Management AB owned 1.35% of Allegion worth $154,643,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of ALLE. GAMMA Investing LLC boosted its holdings in shares of Allegion by 55.6% in the 4th quarter. GAMMA Investing LLC now owns 504 shares of the scientific and technical instruments company's stock valued at $66,000 after acquiring an additional 180 shares during the last quarter. Versant Capital Management Inc lifted its position in Allegion by 271.5% during the fourth quarter. Versant Capital Management Inc now owns 613 shares of the scientific and technical instruments company's stock valued at $80,000 after purchasing an additional 448 shares during the period. JPMorgan Chase & Co. boosted its holdings in Allegion by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company's stock valued at $116,814,000 after purchasing an additional 192,609 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Allegion by 2.4% in the third quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company's stock valued at $17,850,000 after purchasing an additional 2,878 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company's stock worth $244,063,000 after purchasing an additional 823,874 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.
Allegion Price Performance
ALLE traded down $1.82 during midday trading on Tuesday, hitting $127.30. 902,920 shares of the company traded hands, compared to its average volume of 700,405. The business has a 50 day simple moving average of $137.90 and a two-hundred day simple moving average of $135.72. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 3.35 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period last year, the company posted $1.94 EPS. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Allegion plc will post 7.41 earnings per share for the current fiscal year.
Allegion Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, December 17th. Allegion's dividend payout ratio is currently 29.49%.
Wall Street Analyst Weigh In
ALLE has been the subject of several analyst reports. Barclays boosted their price objective on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Morgan Stanley began coverage on Allegion in a research report on Monday. They issued an "equal weight" rating and a $137.00 price objective on the stock. Robert W. Baird lifted their target price on shares of Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Wells Fargo & Company lowered their price target on shares of Allegion from $152.00 to $140.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Mizuho lifted their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $141.33.
Check Out Our Latest Research Report on Allegion
Insider Buying and Selling at Allegion
In related news, CEO John H. Stone bought 7,500 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares of the company's stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Robert C. Martens sold 8,035 shares of the business's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.
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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