MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 434 Shares of Allegion plc (NYSE:ALLE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Allegion plc (NYSE:ALLE) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,966 shares of the scientific and technical instruments company’s stock after purchasing an additional 434 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Allegion were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. Fiduciary Management Inc. WI bought a new stake in shares of Allegion in the 4th quarter valued at $116,484,000. Norges Bank acquired a new stake in Allegion in the fourth quarter worth $108,058,000. Raymond James Financial Inc. bought a new stake in Allegion in the fourth quarter valued at $65,175,000. Boston Partners raised its holdings in shares of Allegion by 11.6% during the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock valued at $616,503,000 after purchasing an additional 488,390 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Allegion by 312.4% during the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock worth $75,012,000 after purchasing an additional 434,820 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ALLE has been the topic of a number of research reports. Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a research note on Friday, April 25th. Robert W. Baird boosted their price target on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Wall Street Zen lowered Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their target price 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 assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $140.40.

Allegion Stock Performance

Shares of ALLE stock opened at $141.31 on Monday. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The firm’s 50-day simple moving average is $132.83 and its two-hundred day simple moving average is $133.04. The firm has a market cap of $12.16 billion, a price-to-earnings ratio of 20.72, a P/E/G ratio of 3.97 and a beta of 1.02. 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) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million for the quarter, compared to analysts’ expectations of $918.53 million. During the same quarter in the previous year, the firm posted $1.55 EPS. Allegion’s revenue was up 5.4% on a year-over-year basis. As a group, equities analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The company also recently disclosed 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 1.44%. The ex-dividend date of this dividend is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is currently 28.65%.

Insider Activity at Allegion

In other news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares in the company, valued at $1,205,820. This trade represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now directly owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. This trade represents a 16.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

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.