Sumitomo Mitsui DS Asset Management Company Ltd Buys 349 Shares of Allegion plc (NYSE:ALLE)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Allegion plc (NYSE:ALLE) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,351 shares of the scientific and technical instruments company’s stock after acquiring an additional 349 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Allegion were worth $1,058,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boston Partners increased its stake in shares of Allegion by 17.2% during the third quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company’s stock worth $584,157,000 after purchasing an additional 825,048 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Allegion by 3.9% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company’s stock valued at $335,411,000 after purchasing an additional 119,954 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Allegion by 20.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,773,767 shares of the scientific and technical instruments company’s stock valued at $289,026,000 after acquiring an additional 467,772 shares in the last quarter. Invesco Ltd. raised its position in Allegion by 11.7% during the 3rd quarter. Invesco Ltd. now owns 1,467,586 shares of the scientific and technical instruments company’s stock worth $152,922,000 after purchasing an additional 153,806 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in Allegion by 2.5% during the 3rd quarter. Brown Advisory Inc. now owns 1,425,248 shares of the scientific and technical instruments company’s stock worth $148,511,000 after purchasing an additional 34,342 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction on Thursday, February 22nd. The shares were bought at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares in the company, valued at approximately $13,803,477.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction on Thursday, February 22nd. The shares were bought at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares in the company, valued at approximately $13,803,477.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the completion of the sale, the vice president now owns 35,567 shares in the company, valued at $4,623,354.33. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Allegion Trading Down 1.3 %

Shares of Allegion stock opened at $124.84 on Friday. The stock has a market capitalization of $10.92 billion, a PE ratio of 20.40, a P/E/G ratio of 4.57 and a beta of 1.14. Allegion plc has a 1-year low of $95.94 and a 1-year high of $136.91. The company’s fifty day simple moving average is $130.31 and its 200-day simple moving average is $119.52. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.26 and a quick ratio of 0.85.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $897.40 million for the quarter, compared to the consensus estimate of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The company’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. As a group, equities analysts anticipate that Allegion plc will post 7.02 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. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Allegion’s dividend payout ratio is currently 31.37%.

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.