Amica Mutual Insurance Co. Makes New $1.73 Million Investment in Allegion plc (NYSE:ALLE)

Amica Mutual Insurance Co. acquired a new position in shares of Allegion plc (NYSE:ALLE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 13,620 shares of the scientific and technical instruments company’s stock, valued at approximately $1,726,000.

Other hedge funds also recently made changes to their positions in the company. Boston Partners boosted its stake in shares of Allegion by 17.2% during the third quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company’s stock worth $584,157,000 after buying an additional 825,048 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its position in Allegion by 3.9% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,218,915 shares of the scientific and technical instruments company’s stock valued at $335,411,000 after purchasing an additional 119,954 shares during the period. Van ECK Associates Corp lifted its position in Allegion by 15.9% in the fourth quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock valued at $407,391,000 after purchasing an additional 441,882 shares during the period. Invesco Ltd. lifted its position in Allegion by 11.7% in the third quarter. Invesco Ltd. now owns 1,467,586 shares of the scientific and technical instruments company’s stock valued at $152,922,000 after purchasing an additional 153,806 shares during the period. Finally, Brown Advisory Inc. lifted its position in Allegion by 2.5% in the third quarter. Brown Advisory Inc. now owns 1,425,248 shares of the scientific and technical instruments company’s stock valued at $148,511,000 after purchasing an additional 34,342 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction 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 transaction, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Allegion news, CEO John H. Stone bought 10,000 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the acquisition, the chief executive officer now owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction 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 transaction, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Allegion Trading Up 0.8 %

ALLE stock traded up $0.96 during midday trading on Monday, hitting $124.81. The stock had a trading volume of 705,574 shares, compared to its average volume of 718,888. The firm has a market cap of $10.91 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 4.42 and a beta of 1.14. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The company’s 50-day moving average price is $130.14 and its 200 day moving average price is $119.85.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. Allegion had a net margin of 14.93% and a return on equity of 48.58%. Allegion’s revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the business earned $1.58 EPS. On average, equities research analysts predict that Allegion plc will post 7.08 earnings per share for the current fiscal year.

Allegion Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Allegion 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.