Allegion plc (NYSE:ALLE) Shares Acquired by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its position in Allegion plc (NYSE:ALLE) by 21.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,014 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,030 shares during the quarter. NEOS Investment Management LLC’s holdings in Allegion were worth $3,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in shares of Allegion by 42.7% in the third quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company’s stock worth $768,000 after acquiring an additional 1,576 shares during the period. Pathstone Holdings LLC raised its holdings in Allegion by 4.9% in the 3rd quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company’s stock worth $1,861,000 after purchasing an additional 596 shares during the period. Cerity Partners LLC raised its holdings in Allegion by 39.7% in the 3rd quarter. Cerity Partners LLC now owns 18,903 shares of the scientific and technical instruments company’s stock worth $2,755,000 after purchasing an additional 5,373 shares during the period. Daiwa Securities Group Inc. boosted its position in Allegion by 13.7% during the third quarter. Daiwa Securities Group Inc. now owns 10,811 shares of the scientific and technical instruments company’s stock worth $1,576,000 after purchasing an additional 1,303 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd acquired a new stake in Allegion in the third quarter valued at approximately $717,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ALLE. Barclays reduced their target price on Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday. Wells Fargo & Company reduced their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley lifted their target price 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. Robert W. Baird reduced their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Allegion currently has a consensus rating of “Hold” and an average target price of $137.67.

Allegion Trading Down 0.1 %

Shares of ALLE stock opened at $130.21 on Friday. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 3.97 and a beta of 1.11. The company’s 50-day moving average price is $129.65 and its 200-day moving average price is $136.29. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. As a group, equities analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is 29.91%.

Insider Buying and Selling at Allegion

In other news, Director Gregg C. Sengstack purchased 8,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction on 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 sale, the senior vice president now directly owns 9,625 shares of the company’s stock, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 over the last three months. Insiders own 0.33% of the company’s stock.

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.