160,030 Shares in Allegion plc (NYSE:ALLE) Acquired by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. purchased a new stake in Allegion plc (NYSE:ALLE) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 160,030 shares of the scientific and technical instruments company’s stock, valued at approximately $20,913,000. Jupiter Asset Management Ltd. owned about 0.18% of Allegion as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ALLE. TD Private Client Wealth LLC raised its position in shares of Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after buying an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 82 shares during the period. Heritage Family Offices LLP lifted its stake in shares of Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 82 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 85 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Allegion by 2.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock worth $516,000 after purchasing an additional 96 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allegion news, Director Gregg C. Sengstack purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at approximately $1,001,920. This represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock valued at $406,636 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the topic of several research reports. Morgan Stanley raised their price target 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. Robert W. Baird cut their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Barclays cut their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Finally, StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $138.33.

Allegion Stock Performance

Allegion stock opened at $123.91 on Thursday. Allegion plc has a 12-month low of $113.27 and a 12-month 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 company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The firm’s fifty day moving average price is $129.82 and its 200 day moving average price is $136.96.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. On average, research analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s dividend payout ratio is 29.91%.

Allegion Company 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.