Allegion plc (NYSE:ALLE) Shares Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its holdings in shares of Allegion plc (NYSE:ALLE) by 1.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,919 shares of the scientific and technical instruments company’s stock after buying an additional 167 shares during the period. New York Life Investment Management LLC’s holdings in Allegion were worth $1,637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Allegion by 1.8% in the fourth quarter. Nordea Investment Management AB now owns 1,310,495 shares of the scientific and technical instruments company’s stock valued at $165,516,000 after acquiring an additional 23,155 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Allegion by 214.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock valued at $30,699,000 after buying an additional 165,165 shares during the period. Van ECK Associates Corp grew its position in shares of Allegion by 15.9% during the fourth quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock worth $407,391,000 after buying an additional 441,882 shares in the last quarter. Dark Forest Capital Management LP increased its stake in shares of Allegion by 39.7% during the third quarter. Dark Forest Capital Management LP now owns 33,364 shares of the scientific and technical instruments company’s stock worth $3,477,000 after buying an additional 9,476 shares during the period. Finally, Spire Wealth Management raised its holdings in Allegion by 41.2% in the third quarter. Spire Wealth Management now owns 35,196 shares of the scientific and technical instruments company’s stock valued at $3,667,000 after acquiring an additional 10,272 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Up 1.6 %

Shares of NYSE ALLE opened at $124.86 on Tuesday. The stock has a market cap of $10.92 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 4.38 and a beta of 1.14. Allegion plc has a 52-week low of $95.94 and a 52-week high of $136.91. The business has a 50-day moving average price of $129.24 and a 200 day moving average price of $120.70. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $893.90 million during the quarter, compared to the consensus estimate of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The company’s revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.58 earnings per share. Equities research analysts forecast that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.54%. Allegion’s payout ratio is 31.32%.

Insider Transactions at Allegion

In related news, CEO John H. Stone purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the transaction, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Stone purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,248 shares of the company’s stock, valued at $13,803,477.68. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Wells Fargo & Company downgraded shares of Allegion from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $139.00 to $140.00 in a research report on Wednesday, February 21st. Mizuho cut Allegion from a “buy” rating to a “neutral” rating and raised their price target for the company from $140.00 to $141.00 in a research note on Friday, February 23rd. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Barclays raised their target price on Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Finally, UBS Group upped their price target on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus target price of $127.83.

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.