Quantbot Technologies LP Purchases Shares of 22,553 Allegion plc (NYSE:ALLE)

Quantbot Technologies LP acquired a new position in shares of Allegion plc (NYSE:ALLE) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,553 shares of the scientific and technical instruments company’s stock, valued at approximately $2,947,000.

Several other large investors also recently modified their holdings of ALLE. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter worth $28,000. Millstone Evans Group LLC bought a new position in Allegion during the fourth quarter worth $28,000. Atala Financial Inc bought a new position in Allegion during the fourth quarter worth $35,000. Private Trust Co. NA boosted its stake in Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 115 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted its stake in Allegion by 78.0% during the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after acquiring an additional 170 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. 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. Barclays cut their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley increased their target price 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, Wells Fargo & Company dropped their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $138.33.

Allegion Stock Performance

NYSE ALLE opened at $127.17 on Friday. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a 50-day simple moving average of $129.67 and a 200 day simple moving average of $136.46. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The company has a market capitalization of $10.97 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11.

Allegion (NYSE:ALLE) last posted 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 analysts’ consensus estimates of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. On average, research analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.51 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a dividend yield of 1.60%. Allegion’s dividend payout ratio (DPR) is presently 29.91%.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction dated 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 owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of Allegion 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 owns 4,972 shares of the company’s stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

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.