Assenagon Asset Management S.A. Has $631,000 Holdings in Allegion plc (NYSE:ALLE)

Assenagon Asset Management S.A. decreased its position in Allegion plc (NYSE:ALLE) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,826 shares of the scientific and technical instruments company’s stock after selling 99 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Allegion were worth $631,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its holdings in Allegion by 16.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,222 shares of the scientific and technical instruments company’s stock valued at $490,000 after buying an additional 588 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Allegion in the second quarter valued at about $569,000. Canada Pension Plan Investment Board acquired a new position in shares of Allegion in the second quarter valued at about $842,000. Sei Investments Co. increased its position in Allegion by 13.0% during the second quarter. Sei Investments Co. now owns 32,225 shares of the scientific and technical instruments company’s stock worth $3,807,000 after acquiring an additional 3,707 shares during the period. Finally, ProShare Advisors LLC raised its stake in Allegion by 5.9% in the 2nd quarter. ProShare Advisors LLC now owns 15,871 shares of the scientific and technical instruments company’s stock worth $1,875,000 after purchasing an additional 885 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $132.56 on Friday. The company’s 50 day moving average price is $135.09 and its two-hundred day moving average price is $136.89. The firm has a market capitalization of $11.52 billion, a P/E ratio of 20.36, a P/E/G ratio of 3.26 and a beta of 1.11. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. 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 (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, equities analysts forecast that Allegion plc will post 7.41 earnings per share for the current fiscal year.

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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, December 17th. Allegion’s dividend payout ratio is currently 29.49%.

Insider Activity at Allegion

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ALLE. Barclays dropped their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley initiated coverage on shares of Allegion in a report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price on the stock. 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. Finally, Wells Fargo & Company decreased their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $140.83.

About Allegion

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.