Versant Capital Management Inc Buys 448 Shares of Allegion plc (NYSE:ALLE)

Versant Capital Management Inc lifted its position in Allegion plc (NYSE:ALLE) by 271.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613 shares of the scientific and technical instruments company’s stock after acquiring an additional 448 shares during the quarter. Versant Capital Management Inc’s holdings in Allegion were worth $80,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. grew its position in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of Allegion in the third quarter valued at approximately $28,000. Concord Wealth Partners purchased a new stake in shares of Allegion during the third quarter valued at approximately $29,000. Cromwell Holdings LLC increased its position in shares of Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares during the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Allegion during the second quarter worth $39,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of NYSE:ALLE opened at $130.18 on Friday. The firm has a market capitalization of $11.32 billion, a PE ratio of 20.00, a P/E/G ratio of 3.35 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average price of $138.17 and a two-hundred day moving average price of $135.36. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. Allegion’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. Equities analysts forecast that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

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

Analysts Set New Price Targets

ALLE has been the subject of several research analyst reports. Wells Fargo & Company raised their target price on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays lifted their price objective on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Finally, Robert W. Baird increased their target price on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average price target of $144.60.

Insider Activity

In other news, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.33% of the company’s stock.

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.