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

Natixis Advisors L.P. raised its position in Allegion plc (NYSE:ALLE) by 261.9% in the fourth quarter, HoldingsChannel reports. The fund owned 98,576 shares of the scientific and technical instruments company’s stock after purchasing an additional 71,338 shares during the quarter. Natixis Advisors L.P.’s holdings in Allegion were worth $12,487,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nordea Investment Management AB boosted its stake in Allegion by 1.8% during the 4th quarter. Nordea Investment Management AB now owns 1,310,495 shares of the scientific and technical instruments company’s stock valued at $165,516,000 after purchasing an additional 23,155 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Allegion by 214.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 242,313 shares of the scientific and technical instruments company’s stock valued at $30,699,000 after purchasing an additional 165,165 shares in the last quarter. Van ECK Associates Corp grew its holdings in Allegion by 15.9% during the fourth quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock worth $407,391,000 after buying an additional 441,882 shares in the last quarter. Dark Forest Capital Management LP raised its position in Allegion by 39.7% in the 3rd quarter. Dark Forest Capital Management LP now owns 33,364 shares of the scientific and technical instruments company’s stock valued at $3,477,000 after buying an additional 9,476 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in Allegion by 41.2% during the 3rd quarter. Spire Wealth Management now owns 35,196 shares of the scientific and technical instruments company’s stock valued at $3,667,000 after acquiring an additional 10,272 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 0.4 %

Shares of ALLE stock opened at $124.37 on Wednesday. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The company has a quick ratio of 0.87, a current ratio of 1.31 and a debt-to-equity ratio of 1.18. The company has a 50 day moving average of $129.14 and a 200-day moving average of $120.90. The firm has a market cap of $10.87 billion, a P/E ratio of 20.29, a PEG ratio of 4.38 and a beta of 1.14.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share. Sell-side analysts anticipate that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Allegion’s dividend payout ratio is presently 31.32%.

Insider Transactions at Allegion

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

Analysts Set New Price Targets

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

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.