Handelsbanken Fonder AB Purchases 200 Shares of Allegion plc (NYSE:ALLE)

Handelsbanken Fonder AB raised its position in shares of Allegion plc (NYSE:ALLE) by 0.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 118,800 shares of the scientific and technical instruments company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Allegion were worth $15,051,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ALLE. Nordea Investment Management AB boosted its position in shares of Allegion by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 1,310,495 shares of the scientific and technical instruments company’s stock worth $165,516,000 after purchasing an additional 23,155 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Allegion by 214.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock worth $30,699,000 after purchasing an additional 165,165 shares in the last quarter. Dark Forest Capital Management LP boosted its position in shares of Allegion by 39.7% during the 3rd quarter. Dark Forest Capital Management LP now owns 33,364 shares of the scientific and technical instruments company’s stock worth $3,477,000 after purchasing an additional 9,476 shares in the last quarter. Spire Wealth Management boosted its position in shares of Allegion by 41.2% during the 3rd quarter. Spire Wealth Management now owns 35,196 shares of the scientific and technical instruments company’s stock worth $3,667,000 after purchasing an additional 10,272 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its position in shares of Allegion by 7.9% during the 3rd quarter. Morningstar Investment Services LLC now owns 105,262 shares of the scientific and technical instruments company’s stock worth $10,975,000 after purchasing an additional 7,678 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 1.2 %

Shares of ALLE stock opened at $126.97 on Wednesday. The company has a 50 day moving average of $130.57 and a 200-day moving average of $119.44. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The firm has a market cap of $11.12 billion, a P/E ratio of 20.75, a PEG ratio of 4.51 and a beta of 1.14.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The company had revenue of $897.40 million during the quarter, compared to analyst estimates of $904.17 million. During the same quarter last year, the business posted $1.60 EPS. Allegion’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Allegion plc will post 7.01 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Allegion’s payout ratio is currently 31.37%.

Insider Transactions at Allegion

In related news, CEO John H. Stone purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the purchase, the chief executive officer now directly owns 104,248 shares in the company, valued at approximately $13,803,477.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value of $716,140.44. Following the completion of the transaction, the senior vice president now directly owns 7,555 shares in the company, valued at approximately $1,003,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John H. Stone acquired 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the purchase, the chief executive officer now directly owns 104,248 shares in the company, valued at approximately $13,803,477.68. The disclosure for this purchase can be found here. 0.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALLE shares. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. UBS Group raised their price target on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and raised their price target for the company from $140.00 to $141.00 in a research report on Friday, February 23rd. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $139.00 to $140.00 in a research report on Wednesday, February 21st. Finally, Barclays increased their price objective on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $127.83.

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.