Handelsbanken Fonder AB Has $15.05 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Handelsbanken Fonder AB raised its position in Allegion plc (NYSE:ALLE) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 118,800 shares of the scientific and technical instruments company’s stock after acquiring an additional 200 shares during the period. Handelsbanken Fonder AB owned about 0.14% of Allegion worth $15,051,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ALLE. CVA Family Office LLC acquired a new position in Allegion in the 4th quarter valued at approximately $28,000. Ancora Advisors LLC raised its holdings in shares of Allegion by 153.3% in the 3rd quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after buying an additional 230 shares in the last quarter. Headinvest LLC acquired a new position in shares of Allegion in the 3rd quarter worth approximately $48,000. Itau Unibanco Holding S.A. acquired a new position in shares of Allegion in the 3rd quarter worth approximately $60,000. Finally, Signaturefd LLC raised its holdings in shares of Allegion by 37.9% in the 3rd quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 174 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 1.2 %

NYSE ALLE opened at $126.97 on Wednesday. The stock has a fifty day moving average of $130.57 and a 200-day moving average of $119.44. The stock has a market capitalization of $11.12 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 4.51 and a beta of 1.14. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.85 and a current ratio of 1.26.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The company had revenue of $897.40 million during the quarter, compared to analysts’ expectations of $904.17 million. Allegion had a return on equity of 51.95% and a net margin of 14.80%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $1.60 EPS. On average, equities research analysts forecast that Allegion plc will post 7.01 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.51%. Allegion’s dividend payout ratio is currently 31.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ALLE shares. Mizuho cut Allegion from a “buy” rating to a “neutral” rating and increased their target price for the stock from $140.00 to $141.00 in a report on Friday, February 23rd. Barclays raised their price target on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. UBS Group raised their price target on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, Wells Fargo & Company cut Allegion from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.83.

Insider Transactions at Allegion

In other news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 35,567 shares in the company, valued at approximately $4,623,354.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John H. Stone purchased 10,000 shares of Allegion stock in a transaction dated Thursday, February 22nd. The stock was bought at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the completion of the transaction, the chief executive officer now directly owns 104,248 shares in the company, valued at $13,803,477.68. The disclosure for this purchase can be found here. 0.90% of the stock is owned by corporate insiders.

About Allegion

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.