DMC Group LLC Purchases 870 Shares of Allegion plc (NYSE:ALLE)

DMC Group LLC boosted its holdings in Allegion plc (NYSE:ALLE) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,868 shares of the scientific and technical instruments company’s stock after purchasing an additional 870 shares during the quarter. DMC Group LLC’s holdings in Allegion were worth $505,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in shares of Allegion by 1.2% during the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock valued at $589,659,000 after buying an additional 49,929 shares during the last quarter. Van ECK Associates Corp boosted its stake in Allegion by 1.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock valued at $479,577,000 after purchasing an additional 39,905 shares during the last quarter. Geode Capital Management LLC increased its holdings in Allegion by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock worth $306,699,000 after purchasing an additional 8,023 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Allegion by 13.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after purchasing an additional 232,395 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Allegion by 96.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after purchasing an additional 823,874 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALLE. Morgan Stanley began coverage on Allegion in a research report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target for the company. Barclays lowered their target price on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Mizuho upped their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Robert W. Baird boosted their target price on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.83.

Insider Transactions at Allegion

In related news, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $131.03 on Thursday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The firm has a market cap of $11.39 billion, a PE ratio of 20.13, a PEG ratio of 3.26 and a beta of 1.11. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The stock’s fifty day moving average price is $134.73 and its two-hundred day moving average price is $137.31.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.47%. Allegion’s dividend payout ratio is presently 29.49%.

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.