Nebula Research & Development LLC Purchases 9,873 Shares of Allegion plc (NYSE:ALLE)

Nebula Research & Development LLC boosted its position in Allegion plc (NYSE:ALLE) by 535.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,717 shares of the scientific and technical instruments company’s stock after acquiring an additional 9,873 shares during the period. Nebula Research & Development LLC’s holdings in Allegion were worth $1,531,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC grew its position in shares of Allegion by 24.8% during the 4th quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company’s stock worth $273,022,000 after buying an additional 414,595 shares during the period. Voya Investment Management LLC boosted its stake in Allegion by 20.8% in the fourth quarter. Voya Investment Management LLC now owns 34,511 shares of the scientific and technical instruments company’s stock valued at $4,510,000 after acquiring an additional 5,938 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Allegion in the fourth quarter valued at approximately $2,234,000. MGO One Seven LLC acquired a new stake in Allegion during the 4th quarter worth $755,000. Finally, Dark Forest Capital Management LP raised its position in shares of Allegion by 11.1% during the 4th quarter. Dark Forest Capital Management LP now owns 10,953 shares of the scientific and technical instruments company’s stock valued at $1,431,000 after acquiring an additional 1,091 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Price Performance

Shares of ALLE opened at $136.50 on Friday. The stock has a 50 day simple moving average of $127.27 and a 200 day simple moving average of $133.78. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The firm has a market capitalization of $11.76 billion, a PE ratio of 20.01, a P/E/G ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million during the quarter, compared to analysts’ expectations of $918.53 million. Sell-side analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. Allegion’s dividend payout ratio (DPR) is 29.91%.

Analyst Ratings Changes

A number of equities research analysts recently commented on ALLE shares. Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. Barclays boosted their target price on Allegion from $126.00 to $128.00 and gave the stock an “underweight” rating in a research report on Friday. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Finally, Robert W. Baird upped their target price on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $140.40.

Insider Transactions at Allegion

In other news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,224 shares of company stock valued at $406,636 over the last three months. 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.