Nomura Asset Management Co. Ltd. Has $2.91 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Allegion plc (NYSE:ALLEFree Report) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,003 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,285 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Allegion were worth $2,914,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nordea Investment Management AB grew its holdings in shares of Allegion by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 1,310,495 shares of the scientific and technical instruments company’s stock worth $165,516,000 after purchasing an additional 23,155 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Allegion by 214.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock worth $30,699,000 after purchasing an additional 165,165 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Allegion by 2.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 850,987 shares of the scientific and technical instruments company’s stock worth $107,813,000 after purchasing an additional 19,981 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Allegion during the 4th quarter worth $1,023,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Allegion by 2.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 731,311 shares of the scientific and technical instruments company’s stock worth $92,650,000 after purchasing an additional 19,284 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ALLE. Wells Fargo & Company lowered Allegion from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $139.00 to $140.00 in a report on Wednesday, February 21st. Barclays upped their price objective on Allegion from $121.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 2nd. Mizuho downgraded Allegion from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $140.00 to $141.00 in a research report on Friday, February 23rd. UBS Group upped their price objective on Allegion from $113.00 to $132.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average target price of $127.83.

Check Out Our Latest Stock Analysis on ALLE

Insider Buying and Selling at Allegion

In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the transaction, the vice president now directly 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 is available through this link. In other news, SVP Tracy L. Kemp sold 2,194 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total transaction of $267,624.12. Following the completion of the sale, the senior vice president now owns 11,103 shares in the company, valued at $1,354,343.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Timothy P. Eckersley sold 5,047 shares of the business’s stock in a transaction that occurred on 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 approximately $4,623,354.33. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $121.82 on Friday. Allegion plc has a 1 year low of $95.94 and a 1 year high of $136.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.76 and a beta of 1.14. The business has a 50-day moving average of $126.51 and a 200-day moving average of $123.60.

Allegion (NYSE:ALLEGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The firm had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. During the same period in the previous year, the firm earned $1.58 earnings per share. The company’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, June 14th. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

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.

Further Reading

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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