Versor Investments LP Grows Stock Position in Allegion plc (NYSE:ALLE)

Versor Investments LP grew its position in Allegion plc (NYSE:ALLE) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,789 shares of the scientific and technical instruments company’s stock after acquiring an additional 489 shares during the quarter. Versor Investments LP’s holdings in Allegion were worth $626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of Allegion in the fourth quarter valued at approximately $2,090,000. Heritage Investors Management Corp acquired a new stake in shares of Allegion in the fourth quarter valued at approximately $229,000. NewEdge Wealth LLC increased its holdings in shares of Allegion by 3.7% in the fourth quarter. NewEdge Wealth LLC now owns 30,380 shares of the scientific and technical instruments company’s stock valued at $3,970,000 after purchasing an additional 1,090 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Allegion by 1.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 213,905 shares of the scientific and technical instruments company’s stock valued at $27,953,000 after purchasing an additional 3,988 shares during the last quarter. Finally, Amalgamated Bank increased its holdings 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 valued at $2,270,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays cut their price target on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Morgan Stanley increased their price target on 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 cut their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Robert W. Baird cut their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.33.

Allegion Trading Up 1.1 %

ALLE opened at $128.82 on Friday. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The business has a fifty day simple moving average of $130.64 and a 200-day simple moving average of $137.26. The firm has a market cap of $11.12 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.97 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $938.91 million. On average, equities analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. Allegion’s dividend payout ratio (DPR) is 29.91%.

Insider Activity at Allegion

In related news, Director Gregg C. Sengstack bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John H. Stone purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

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.