Mitsubishi UFJ Trust & Banking Corp Buys 36,679 Shares of Allegion plc (NYSE:ALLE)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Allegion plc (NYSE:ALLE) by 67.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 90,822 shares of the scientific and technical instruments company’s stock after purchasing an additional 36,679 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.10% of Allegion worth $11,869,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ALLE. Brooklyn Investment Group purchased a new stake in shares of Allegion during the 3rd quarter valued at approximately $28,000. Millstone Evans Group LLC bought a new stake in Allegion during the 4th quarter valued at $28,000. Atala Financial Inc purchased a new stake in shares of Allegion during the fourth quarter worth $35,000. Private Trust Co. NA boosted its holdings in shares of Allegion by 56.1% in 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 during the period. Finally, Tortoise Investment Management LLC grew its position in shares of Allegion by 78.0% in the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock valued at $51,000 after purchasing an additional 170 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Price Performance

ALLE stock opened at $128.32 on Friday. The firm has a 50 day simple moving average of $129.55 and a two-hundred day simple moving average of $136.25. The stock has a market cap of $11.07 billion, a PE ratio of 18.82, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a one year low of $113.27 and a one year 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.

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 the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. On average, analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.59%. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is currently 29.91%.

Insider Buying and Selling

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction on 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 sale, the senior vice president now directly owns 10,273 shares of the company’s stock, valued at $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David S. Ilardi sold 789 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares of the company’s stock, valued at approximately $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock worth $406,636 in the last quarter. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on ALLE shares. Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Wells Fargo & Company decreased their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Barclays cut their price target on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Allegion currently has an average rating of “Hold” and a consensus target price of $137.67.

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.