Natixis Advisors L.P. Has $12.49 Million Position in Allegion plc (NYSE:ALLE)

Natixis Advisors L.P. grew its position in Allegion plc (NYSE:ALLE) by 261.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 98,576 shares of the scientific and technical instruments company’s stock after purchasing an additional 71,338 shares during the period. Natixis Advisors L.P. owned about 0.11% of Allegion worth $12,487,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC bought a new position in Allegion in the 4th quarter valued at $28,000. Ancora Advisors LLC raised its holdings in shares of Allegion by 153.3% in the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock valued at $40,000 after buying an additional 230 shares during the last quarter. Headinvest LLC bought a new position in shares of Allegion in the third quarter valued at about $48,000. Itau Unibanco Holding S.A. bought a new stake in Allegion during the 3rd quarter worth about $60,000. Finally, Signaturefd LLC increased its position in Allegion by 37.9% in the 3rd quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock valued at $66,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Allegion

In related news, VP Timothy P. Eckersley sold 5,047 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the transaction, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Timothy P. Eckersley sold 5,047 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the sale, the vice president now directly owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the transaction, the senior vice president now owns 7,555 shares of the company’s stock, valued at approximately $1,003,606.20. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Allegion Stock Performance

Shares of NYSE:ALLE opened at $124.37 on Wednesday. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 4.38 and a beta of 1.14. The firm’s 50 day simple moving average is $129.14 and its 200 day simple moving average is $120.90. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $136.91.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The company had revenue of $893.90 million for the quarter, compared to analysts’ expectations of $888.27 million. During the same period last year, the firm posted $1.58 earnings per share. The business’s quarterly revenue was down 3.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.54%. Allegion’s dividend payout ratio (DPR) is currently 31.32%.

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.