Barclays PLC Acquires 67,145 Shares of Allegion plc (NYSE:ALLE)

Barclays PLC increased its holdings in shares of Allegion plc (NYSE:ALLE) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 326,938 shares of the scientific and technical instruments company’s stock after purchasing an additional 67,145 shares during the period. Barclays PLC’s holdings in Allegion were worth $42,724,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ALLE. Millstone Evans Group LLC bought a new stake in Allegion during the 4th quarter valued at $28,000. Atala Financial Inc bought a new stake in Allegion during the fourth quarter valued at about $35,000. Private Trust Co. NA grew its stake in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 115 shares during the last quarter. Tortoise Investment Management LLC raised its holdings in Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after purchasing an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 101 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allegion

In related news, Director Gregg C. Sengstack bought 8,000 shares of the company’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 completion of the acquisition, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 of the company’s stock, valued at $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Allegion Stock Performance

Shares of ALLE stock opened at $126.28 on Friday. The business has a fifty day moving average of $127.46 and a 200 day moving average of $134.43. Allegion plc has a 1 year low of $113.27 and a 1 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. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 3.97 and a beta of 1.01.

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

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is currently 29.91%.

Analysts Set New Price Targets

ALLE has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. 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 note on Wednesday, February 19th. Morgan Stanley upped their target price on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Finally, Barclays dropped their price target on Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $138.80.

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.