Geode Capital Management LLC Purchases 41,417 Shares of Allegion plc (NYSE:ALLE)

Geode Capital Management LLC boosted its holdings in Allegion plc (NYSE:ALLE) by 2.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,152,831 shares of the scientific and technical instruments company’s stock after purchasing an additional 41,417 shares during the quarter. Geode Capital Management LLC owned about 2.48% of Allegion worth $280,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in shares of Allegion in the fourth quarter worth approximately $28,000. Atala Financial Inc bought a new stake in Allegion during the fourth quarter worth $35,000. Private Trust Co. NA raised its position in Allegion by 56.1% in 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 buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in 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 acquiring an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock worth $53,000 after acquiring an additional 101 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the purchase, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays decreased their price target on Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company dropped their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of 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 cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $137.67.

Allegion Trading Down 2.9 %

NYSE ALLE opened at $123.53 on Friday. The firm has a market cap of $10.66 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a 50-day moving average of $129.10 and a 200-day moving average of $135.84.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, sell-side analysts forecast that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.51 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.65%. Allegion’s payout ratio is presently 29.91%.

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.