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

DMC Group LLC raised its position in Allegion plc (NYSE:ALLE) by 29.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,868 shares of the scientific and technical instruments company’s stock after buying 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.

Several other hedge funds and other institutional investors also recently made changes to their positions in ALLE. Public Employees Retirement System of Ohio bought a new position in Allegion in the third quarter valued at about $4,988,000. Qsemble Capital Management LP bought a new stake in shares of Allegion during the 3rd quarter valued at approximately $891,000. Nordea Investment Management AB grew its holdings in shares of Allegion by 4.4% during the 4th quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company’s stock valued at $154,643,000 after purchasing an additional 49,176 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Allegion by 4.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,643 shares of the scientific and technical instruments company’s stock valued at $1,260,000 after purchasing an additional 340 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Allegion by 31.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company’s stock valued at $116,814,000 after purchasing an additional 192,609 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO John H. Stone acquired 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by insiders.

Allegion Stock Performance

Shares of ALLE stock 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. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The business’s 50 day simple moving average is $134.73 and its 200 day simple moving average is $137.31. The stock has a market capitalization of $11.39 billion, a PE ratio of 20.13, a PEG ratio of 3.26 and a beta of 1.11.

Allegion Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on ALLE. Mizuho upped their price target on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company dropped their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley began coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target on the stock. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird boosted their target price on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $140.83.

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.