Beck Bode LLC Acquires 1,737 Shares of Allegion plc (NYSE:ALLE)

Beck Bode LLC increased its holdings in shares of Allegion plc (NYSE:ALLE) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,005 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,737 shares during the quarter. Beck Bode LLC’s holdings in Allegion were worth $5,358,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALLE. Wells Fargo & Company decreased their price target 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 target price on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Barclays lifted their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a research note on Friday, April 25th. Finally, Robert W. Baird upped their target price on Allegion from $144.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $140.40.

Allegion Price Performance

Shares of NYSE:ALLE opened at $140.84 on Friday. The firm has a 50 day simple moving average of $128.38 and a 200 day simple moving average of $133.36. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 3.97 and a beta of 1.02. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.18. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $941.90 million during the quarter, compared to analysts’ expectations of $918.53 million. During the same period in the prior year, the company earned $1.55 EPS. Allegion’s revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is currently 28.65%.

Insider Activity

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