Regents Gate Capital LLP Buys New Holdings in Allegion plc (NYSE:ALLE)

Regents Gate Capital LLP purchased a new position in shares of Allegion plc (NYSE:ALLE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 58,235 shares of the scientific and technical instruments company’s stock, valued at approximately $7,610,000. Allegion comprises approximately 3.0% of Regents Gate Capital LLP’s portfolio, making the stock its 12th biggest holding. Regents Gate Capital LLP owned approximately 0.07% of Allegion as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of ALLE. McClarren Financial Advisors Inc. lifted its holdings 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 buying an additional 72 shares during the period. Brooklyn Investment Group purchased a new stake in Allegion in the third quarter worth $28,000. Concord Wealth Partners bought a new stake in Allegion in the third quarter valued at $29,000. Cromwell Holdings LLC increased its position in Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Allegion by 66.2% in the 3rd quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 129 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allegion

In other Allegion news, CEO John H. Stone purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was purchased at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Allegion Trading Down 0.5 %

Allegion stock opened at $128.64 on Monday. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $133.15 and its two-hundred day simple moving average is $137.51. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 1.59%. Allegion’s payout ratio is 29.49%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Mizuho boosted their price target on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays decreased their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird lifted their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Morgan Stanley initiated coverage on shares of Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.