Oddo BHF Asset Management Sas Makes New $15.51 Million Investment in Allegion plc (NYSE:ALLE)

Oddo BHF Asset Management Sas bought a new position in shares of Allegion plc (NYSE:ALLE - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 106,406 shares of the scientific and technical instruments company's stock, valued at approximately $15,508,000. Oddo BHF Asset Management Sas owned 0.12% of Allegion as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ALLE. State Street Corp increased its stake in Allegion by 1.2% in the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company's stock worth $589,659,000 after purchasing an additional 49,929 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Allegion by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company's stock worth $442,019,000 after purchasing an additional 91,011 shares in the last quarter. Van ECK Associates Corp increased its stake in Allegion by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company's stock worth $479,577,000 after purchasing an additional 39,905 shares in the last quarter. Geode Capital Management LLC increased its stake in Allegion by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company's stock worth $306,699,000 after purchasing an additional 8,023 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock worth $277,581,000 after purchasing an additional 232,395 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the business's stock in a transaction on 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 completion of the transaction, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John H. Stone bought 7,500 shares of the business's stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird lifted their target price on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Barclays lifted their target price on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Allegion presently has an average rating of "Hold" and an average price target of $144.60.

Allegion Stock Down 0.3 %

Shares of ALLE stock traded down $0.43 on Friday, hitting $138.82. The company's stock had a trading volume of 484,056 shares, compared to its average volume of 728,228. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion plc has a fifty-two week low of $112.26 and a fifty-two week high of $156.10. The firm's fifty day moving average price is $143.17 and its 200-day moving average price is $133.83. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 21.33, a P/E/G ratio of 3.35 and a beta of 1.10.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same quarter in the previous year, the business earned $1.94 EPS. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Tuesday, December 17th. Allegion's dividend payout ratio is 29.49%.

About Allegion

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.