Deutsche Bank AG Boosts Stake in Allegion plc (NYSE:ALLE)

Deutsche Bank AG boosted its holdings 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 and 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 period. Deutsche Bank AG’s holdings in Allegion were worth $214,552,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ALLE. Barclays PLC boosted its position in shares of Allegion by 28.9% during the 3rd quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company’s stock valued at $37,861,000 after acquiring an additional 58,268 shares during the last quarter. Principal Financial Group Inc. raised its stake in Allegion by 2.4% during the third quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company’s stock worth $17,850,000 after purchasing an additional 2,878 shares during the period. GAMMA Investing LLC boosted its holdings in Allegion by 55.6% in the 4th quarter. GAMMA Investing LLC now owns 504 shares of the scientific and technical instruments company’s stock valued at $66,000 after purchasing an additional 180 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in shares of Allegion by 33.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 798 shares of the scientific and technical instruments company’s stock valued at $104,000 after buying an additional 199 shares during the period. Finally, Czech National Bank increased its holdings in shares of Allegion by 6.2% during the 4th quarter. Czech National Bank now owns 18,848 shares of the scientific and technical instruments company’s stock worth $2,463,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock 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 price-to-earnings-growth ratio of 3.97 and a beta of 1.02. The business has a 50-day moving average of $129.74 and a 200 day moving average of $133.09. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.18. The firm had revenue of $941.90 million during the quarter, compared to analysts’ expectations of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.55 earnings per share. As a group, sell-side analysts forecast that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

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

Analyst Ratings Changes

Several brokerages recently weighed in on ALLE. Barclays increased their price objective on Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a research report on Friday, April 25th. Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird lifted their price target on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research report on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective 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. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus price target of $140.40.

Insiders Place Their Bets

In related news, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David S. Ilardi sold 789 shares of the 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 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 have sold a total of 3,224 shares of company stock worth $406,636 in the last quarter. 0.33% of the stock is owned by company insiders.

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.