Natixis Advisors LLC Has $10.95 Million Position in Allegion plc (NYSE:ALLE)

Natixis Advisors LLC lessened its stake in shares of Allegion plc (NYSE:ALLE) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,767 shares of the scientific and technical instruments company’s stock after selling 26,766 shares during the period. Natixis Advisors LLC owned 0.10% of Allegion worth $10,947,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in Allegion during the 3rd quarter worth $4,988,000. Crew Capital Management Ltd. lifted its position in shares of Allegion by 224.9% during the 4th quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company’s stock worth $759,000 after purchasing an additional 4,022 shares during the last quarter. Qsemble Capital Management LP bought a new stake in Allegion during the 3rd quarter valued at approximately $891,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Allegion by 4.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company’s stock valued at $26,724,000 after buying an additional 8,806 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in Allegion by 4.4% in the 4th quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company’s stock worth $154,643,000 after buying an additional 49,176 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Barclays lowered their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird cut their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Wells Fargo & Company dropped their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Finally, Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $138.33.

Allegion Stock Up 0.7 %

Shares of NYSE ALLE opened at $128.81 on Thursday. 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 cap of $11.12 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm’s 50-day simple moving average is $129.67 and its 200 day simple moving average is $136.60.

Allegion (NYSE:ALLE) last released its quarterly earnings results 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. The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. On average, research analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s dividend payout ratio (DPR) is presently 29.91%.

Insiders Place Their Bets

In related news, Director Gregg C. Sengstack acquired 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was acquired at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $1,001,920. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. This trade represents a 7.50 % 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 currently owned by insiders.

Allegion Company 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.