22,553 Shares in Allegion plc (NYSE:ALLE) Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 22,553 shares of the scientific and technical instruments company's stock, valued at approximately $2,947,000.

Several other institutional investors and hedge funds have also modified their holdings of ALLE. Brooklyn Investment Group purchased a new stake in Allegion in the 3rd quarter worth approximately $28,000. Millstone Evans Group LLC purchased a new stake in shares of Allegion in the fourth quarter worth $28,000. Atala Financial Inc purchased a new stake in shares of Allegion in the fourth quarter worth $35,000. Private Trust Co. NA raised its position in shares of Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares during the period. Finally, Tortoise Investment Management LLC lifted its stake in shares of Allegion by 78.0% during the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

ALLE has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird decreased their target price on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Morgan Stanley increased their price objective 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 report on Wednesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $137.67.

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Allegion Trading Up 0.7 %

ALLE stock traded up $0.85 during midday trading on Wednesday, reaching $130.44. 978,138 shares of the company traded hands, compared to its average volume of 731,125. The firm has a market capitalization of $11.26 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The business has a 50 day moving average of $129.70 and a 200-day moving average of $136.34. 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 quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. The company had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. As a group, sell-side analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. Allegion's payout ratio is currently 29.91%.

Insider Activity at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregg C. Sengstack purchased 8,000 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. Insiders own 0.33% of the company's stock.

Allegion 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.