Sei Investments Co. Purchases 3,559 Shares of Allegion plc (NYSE:ALLE)

Sei Investments Co. raised its position in Allegion plc (NYSE:ALLE) by 7.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,946 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,559 shares during the quarter. Sei Investments Co. owned 0.06% of Allegion worth $6,658,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in Allegion in the 4th quarter valued at approximately $28,000. Atala Financial Inc bought a new position in shares of Allegion during the fourth quarter valued at $35,000. Private Trust Co. NA lifted its holdings in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC grew its stake 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 worth $51,000 after purchasing an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Allegion by 33.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after purchasing an additional 101 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent research reports. Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Wells Fargo & Company reduced 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. Barclays lowered 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, March 26th. Robert W. Baird decreased their price objective 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, StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Allegion has a consensus rating of “Hold” and an average price target of $137.67.

Allegion Stock Up 1.8 %

Allegion stock opened at $130.58 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $11.27 billion, a PE ratio of 19.15, a PEG ratio of 3.97 and a beta of 1.11. The firm’s fifty day moving average is $129.48 and its 200 day moving average is $136.19. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating 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 firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. As a group, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.51 dividend. The ex-dividend date was Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. Allegion’s dividend payout ratio is 29.91%.

Insider Activity at Allegion

In other Allegion news, SVP David S. Ilardi sold 789 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the transaction, the senior vice president now directly owns 9,625 shares of the company’s stock, valued at approximately $1,205,820. This represents a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares of the company’s stock, valued at $1,302,000.02. The trade was a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by insiders.

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.