Stevens Capital Management LP Takes $226,000 Position in Allegion plc (NYSE:ALLE)

Stevens Capital Management LP acquired a new position in shares of Allegion plc (NYSE:ALLE) during the fourth quarter, HoldingsChannel reports. The firm acquired 1,733 shares of the scientific and technical instruments company’s stock, valued at approximately $226,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its holdings in Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after purchasing an additional 823,874 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Allegion during the fourth quarter worth about $65,175,000. Boston Partners grew its holdings in shares of Allegion by 11.6% during the fourth quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company’s stock worth $616,503,000 after buying an additional 488,390 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Allegion by 397.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock worth $88,450,000 after buying an additional 484,995 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its position in Allegion by 312.4% in the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock valued at $75,012,000 after buying an additional 434,820 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 2.8 %

Allegion stock opened at $130.58 on Tuesday. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The company’s 50-day moving average is $129.72 and its 200-day moving average is $136.41. The firm has a market capitalization of $11.27 billion, a PE ratio of 19.15, a P/E/G ratio of 3.97 and a beta of 1.11. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Sell-side analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is 29.91%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ALLE. Morgan Stanley raised their price target 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. 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. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays decreased their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $138.33.

Insider Buying and Selling at Allegion

In other Allegion news, SVP David S. Ilardi sold 789 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares of the company’s stock, valued at $1,205,820. This represents a 7.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregg C. Sengstack acquired 8,000 shares of Allegion stock in a transaction dated Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 in the last quarter. 0.33% of the stock is currently owned by 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.