Wealth Alliance Purchases 251 Shares of Allegion plc (NYSE:ALLE)

Wealth Alliance increased its position in shares of Allegion plc (NYSE:ALLE) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,256 shares of the scientific and technical instruments company’s stock after buying an additional 251 shares during the period. Wealth Alliance’s holdings in Allegion were worth $286,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Allegion by 15.8% in the 1st quarter. BlackRock Inc. now owns 8,631,077 shares of the scientific and technical instruments company’s stock valued at $921,195,000 after purchasing an additional 1,176,087 shares during the period. Boston Partners boosted its holdings in Allegion by 17.2% in the 3rd quarter. Boston Partners now owns 5,613,219 shares of the scientific and technical instruments company’s stock valued at $584,157,000 after purchasing an additional 825,048 shares during the period. Norges Bank bought a new stake in Allegion in the 4th quarter valued at $76,640,000. Hawk Ridge Capital Management LP bought a new stake in Allegion in the 3rd quarter valued at $53,142,000. Finally, Lord Abbett & CO. LLC raised its stake in shares of Allegion by 183.2% in the 3rd quarter. Lord Abbett & CO. LLC now owns 774,325 shares of the scientific and technical instruments company’s stock valued at $80,684,000 after buying an additional 500,924 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ALLE shares. UBS Group increased their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays increased their price objective on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $139.00 to $140.00 in a research note on Wednesday, February 21st. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Finally, Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and increased their price objective for the company from $140.00 to $141.00 in a research note on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $127.83.

Allegion Trading Down 0.7 %

Shares of Allegion stock opened at $124.84 on Friday. The stock has a market capitalization of $10.93 billion, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 4.55 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The company has a 50-day simple moving average of $130.93 and a 200 day simple moving average of $118.74. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.09. The business had revenue of $897.40 million during the quarter, compared to analysts’ expectations of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.60 EPS. Research analysts expect that Allegion plc will post 7.01 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s payout ratio is presently 31.37%.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone acquired 10,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $132.41 per share, for a total transaction of $1,324,100.00. Following the transaction, the chief executive officer now owns 104,248 shares of the company’s stock, valued at approximately $13,803,477.68. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Robert C. Martens sold 5,391 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total value of $716,140.44. Following the transaction, the senior vice president now owns 7,555 shares of the company’s stock, valued at approximately $1,003,606.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John H. Stone bought 10,000 shares of Allegion stock in a transaction dated Thursday, February 22nd. The stock was acquired at an average cost of $132.41 per share, for a total transaction of $1,324,100.00. Following the purchase, the chief executive officer now directly owns 104,248 shares in the company, valued at approximately $13,803,477.68. The disclosure for this purchase can be found here. Corporate insiders own 0.90% of the company’s stock.

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.