Macquarie Group Ltd. Invests $111,000 in Allegion (ALLE) Stock

Macquarie Group Ltd. purchased a new position in Allegion (NYSE:ALLE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,400 shares of the scientific and technical instruments company’s stock, valued at approximately $111,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Vident Investment Advisory LLC acquired a new stake in Allegion in the 4th quarter worth $341,000. Jane Street Group LLC grew its position in Allegion by 54.2% in the 4th quarter. Jane Street Group LLC now owns 15,852 shares of the scientific and technical instruments company’s stock worth $1,261,000 after purchasing an additional 5,575 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in Allegion in the 4th quarter worth $205,000. LPL Financial LLC grew its position in Allegion by 19.3% in the 4th quarter. LPL Financial LLC now owns 10,828 shares of the scientific and technical instruments company’s stock worth $862,000 after purchasing an additional 1,751 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in Allegion in the 4th quarter worth $3,725,000. Institutional investors own 92.23% of the company’s stock.

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In related news, VP Tracy L. Kemp sold 14,821 shares of Allegion stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $86.01, for a total transaction of $1,274,754.21. Following the completion of the transaction, the vice president now directly owns 18,283 shares of the company’s stock, valued at approximately $1,572,520.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Patrick S. Shannon sold 20,200 shares of Allegion stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $85.83, for a total transaction of $1,733,766.00. Following the transaction, the chief financial officer now directly owns 68,790 shares of the company’s stock, valued at $5,904,245.70. The disclosure for this sale can be found here. Insiders have sold a total of 57,415 shares of company stock valued at $4,924,641 over the last ninety days. 0.64% of the stock is owned by insiders.

Several research firms have issued reports on ALLE. Imperial Capital restated an “outperform” rating and issued a $94.00 price target (up from $85.00) on shares of Allegion in a research report on Wednesday, February 21st. Zacks Investment Research upgraded shares of Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price target on the stock in a research report on Thursday, February 22nd. Wells Fargo restated an “outperform” rating and issued a $105.00 price target (up from $100.00) on shares of Allegion in a research report on Wednesday, February 21st. Finally, Barclays initiated coverage on shares of Allegion in a research report on Thursday, February 15th. They issued an “overweight” rating and a $100.00 price target on the stock. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.83.

NYSE:ALLE opened at $86.50 on Thursday. The stock has a market cap of $8,125.98, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05. Allegion has a 52 week low of $75.85 and a 52 week high of $89.81. The company has a quick ratio of 1.72, a current ratio of 2.24 and a debt-to-equity ratio of 3.56.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.17. The company had revenue of $623.00 million during the quarter, compared to the consensus estimate of $605.13 million. Allegion had a net margin of 11.35% and a return on equity of 126.46%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. equities research analysts expect that Allegion will post 4.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Thursday, June 14th. Allegion’s payout ratio is 21.21%.

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Allegion Profile

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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