Susquehanna Fundamental Investments LLC Purchases Shares of 44,142 Allegion plc (NYSE:ALLE)

Susquehanna Fundamental Investments LLC purchased a new position in Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,142 shares of the scientific and technical instruments company's stock, valued at approximately $5,768,000. Susquehanna Fundamental Investments LLC owned 0.05% of Allegion as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ALLE. Millstone Evans Group LLC bought a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Atala Financial Inc bought a new position in shares of Allegion in the fourth quarter worth approximately $35,000. GeoWealth Management LLC raised its stake in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Private Trust Co. NA lifted its position in Allegion by 56.1% during the fourth 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 last quarter. Finally, Tortoise Investment Management LLC grew its stake in Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock worth $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.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALLE. Barclays lifted their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday. Robert W. Baird lifted their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research note on Friday. Morgan Stanley increased their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of "Hold" and an average target price of $140.40.

Allegion Price Performance

Shares of Allegion stock opened at $136.50 on Monday. The company's fifty day simple moving average is $127.27 and its two-hundred day simple moving average is $133.61. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a market cap of $11.76 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. As a group, equities analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, June 13th. Allegion's dividend payout ratio (DPR) is currently 29.91%.

Insider Buying and Selling at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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.

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.

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