Bessemer Group Inc. Has $2.32 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Bessemer Group Inc. increased its holdings in shares of Allegion plc (NYSE:ALLE) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 17,718 shares of the scientific and technical instruments company’s stock after acquiring an additional 744 shares during the period. Bessemer Group Inc.’s holdings in Allegion were worth $2,315,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Allegion in the 3rd quarter valued at $4,988,000. Barclays PLC increased its stake in Allegion by 28.9% in the third quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company’s stock valued at $37,861,000 after purchasing an additional 58,268 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Allegion by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock valued at $306,699,000 after purchasing an additional 8,023 shares during the period. Virtu Financial LLC bought a new position in shares of Allegion during the 3rd quarter worth about $920,000. Finally, Anchor Investment Management LLC bought a new stake in Allegion in the 3rd quarter valued at about $71,000. 92.21% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the transaction, the senior vice president now directly owns 10,273 shares in the company, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregg C. Sengstack acquired 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,224 shares of company stock valued at $406,636 in the last 90 days. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALLE shares. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company lowered their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Robert W. Baird cut their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Barclays lowered 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. Finally, Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $137.67.

Allegion Trading Up 2.4 %

Shares of Allegion stock opened at $125.02 on Monday. The stock has a fifty day moving average price of $127.72 and a 200-day moving average price of $134.80. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The firm has a market cap of $10.79 billion, a PE ratio of 18.33, a P/E/G 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.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. Equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Friday, June 13th. Allegion’s dividend payout ratio is currently 29.91%.

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.