Deutsche Bank AG Purchases 264,379 Shares of Allegion plc (NYSE:ALLE)

Deutsche Bank AG increased its position in shares of Allegion plc (NYSE:ALLE) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,641,810 shares of the scientific and technical instruments company’s stock after acquiring an additional 264,379 shares during the quarter. Deutsche Bank AG owned about 1.89% of Allegion worth $214,552,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Allegion by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company’s stock valued at $1,400,688,000 after purchasing an additional 177,808 shares during the last quarter. Boston Partners lifted its stake 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 worth $616,503,000 after buying an additional 488,390 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Allegion by 1.0% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,897,407 shares of the scientific and technical instruments company’s stock worth $509,313,000 after buying an additional 38,377 shares during the period. Van ECK Associates Corp increased its position in shares of Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock valued at $449,033,000 after acquiring an additional 257,175 shares during the period. Finally, Geode Capital Management LLC raised its stake in Allegion by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company’s stock worth $280,607,000 after acquiring an additional 41,417 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of NYSE ALLE opened at $141.60 on Friday. 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 stock has a market capitalization of $12.18 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.97 and a beta of 1.02. The firm’s 50 day simple moving average is $129.74 and its 200-day simple moving average is $133.09. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business earned $1.55 earnings per share. Analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.44%. Allegion’s dividend payout ratio is currently 28.65%.

Insider Buying and Selling at Allegion

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

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research analyst reports. Robert W. Baird boosted their price target on Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. 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. Morgan Stanley increased their price objective 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. Finally, StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus target price of $140.40.

About Allegion

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.