13,620 Shares in Allegion plc (NYSE:ALLE) Bought by Amica Mutual Insurance Co.

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

Other large investors also recently modified their holdings of the company. CVA Family Office LLC bought a new stake in Allegion during the fourth quarter valued at about $28,000. Ancora Advisors LLC boosted its stake in shares of Allegion by 153.3% in the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 230 shares during the period. Headinvest LLC bought a new position in shares of Allegion in the third quarter worth about $48,000. Itau Unibanco Holding S.A. bought a new position in shares of Allegion in the third quarter worth about $60,000. Finally, Signaturefd LLC boosted its stake in shares of Allegion by 37.9% in the third quarter. Signaturefd LLC now owns 633 shares of the scientific and technical instruments company’s stock worth $66,000 after acquiring an additional 174 shares during the period. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In related news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $129.99, for a total value of $656,059.53. Following the completion of the transaction, the vice president now owns 35,567 shares in the company, valued at approximately $4,623,354.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allegion news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the transaction, the senior vice president now owns 7,555 shares in the company, valued at approximately $1,003,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $129.99, for a total value of $656,059.53. Following the transaction, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by company insiders.

Allegion Stock Up 0.8 %

NYSE ALLE traded up $0.96 during midday trading on Monday, hitting $124.81. 705,574 shares of the company traded hands, compared to its average volume of 718,888. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The company 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’s 50-day simple moving average is $130.14 and its 200-day simple moving average is $119.85. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a return on equity of 48.58% and a net margin of 14.93%. The firm had revenue of $893.90 million during the quarter, compared to analyst estimates of $888.27 million. During the same quarter in the prior year, the business posted $1.58 EPS. The business’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts forecast that Allegion plc will post 7.08 earnings per share for the current year.

Allegion Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.