Los Angeles Capital Management LLC Has $27.95 Million Position in Allegion plc (NYSE:ALLE)

Los Angeles Capital Management LLC boosted its position in shares of Allegion plc (NYSE:ALLE) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 213,905 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,988 shares during the period. Los Angeles Capital Management LLC owned about 0.25% of Allegion worth $27,953,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Amalgamated Bank raised its stake in shares of Allegion by 1.4% in the fourth quarter. Amalgamated Bank now owns 17,373 shares of the scientific and technical instruments company’s stock worth $2,270,000 after acquiring an additional 237 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of Allegion during the fourth quarter worth approximately $65,000. Quartz Partners LLC grew its holdings in Allegion by 3.8% during the fourth quarter. Quartz Partners LLC now owns 4,618 shares of the scientific and technical instruments company’s stock valued at $603,000 after purchasing an additional 170 shares during the period. IFP Advisors Inc grew its holdings in Allegion by 23.2% during the fourth 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 during the period. Finally, Sigma Planning Corp grew its holdings in Allegion by 7.9% during the fourth quarter. Sigma Planning Corp now owns 1,666 shares of the scientific and technical instruments company’s stock valued at $218,000 after purchasing an additional 122 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Stock Performance

NYSE ALLE opened at $130.01 on Wednesday. The firm has a 50-day moving average of $130.90 and a 200-day moving average of $137.37. 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 stock has a market cap of $11.22 billion, a PE ratio of 19.06, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

Allegion (NYSE:ALLE) last posted 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. The company had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm 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 $0.51 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.57%. Allegion’s payout ratio is 28.15%.

Insiders Place Their Bets

In other news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were 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 approximately $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley upped 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. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird decreased their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Finally, Barclays decreased their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $138.33.

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.