Allegion plc (NYSE:ALLE) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in shares of Allegion plc (NYSE:ALLE) by 10.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,847 shares of the scientific and technical instruments company’s stock after buying an additional 362 shares during the period. Park Avenue Securities LLC’s holdings in Allegion were worth $503,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. 180 Wealth Advisors LLC lifted its position in shares of Allegion by 20.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 3,696 shares of the scientific and technical instruments company’s stock valued at $483,000 after acquiring an additional 617 shares during the last quarter. Czech National Bank lifted its holdings in shares of Allegion by 6.2% during the fourth quarter. Czech National Bank now owns 18,848 shares of the scientific and technical instruments company’s stock valued at $2,463,000 after purchasing an additional 1,100 shares during the last quarter. ST Germain D J Co. Inc. boosted its position in shares of Allegion by 33.2% in the 4th quarter. ST Germain D J Co. Inc. now owns 798 shares of the scientific and technical instruments company’s stock valued at $104,000 after purchasing an additional 199 shares during the period. Diversified Trust Co purchased a new position in Allegion in the 4th quarter worth about $1,773,000. Finally, Fortem Financial Group LLC raised its holdings in Allegion by 4.6% during the 4th quarter. Fortem Financial Group LLC now owns 5,604 shares of the scientific and technical instruments company’s stock worth $732,000 after buying an additional 245 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Allegion news, CEO John H. Stone bought 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

Allegion Stock Up 0.9 %

ALLE opened at $133.31 on Friday. The company has a market capitalization of $11.59 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.34 and a beta of 1.11. The business has a 50-day moving average of $135.39 and a 200-day moving average of $136.79. 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 plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. Equities research analysts forecast that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.44%. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Analysts Set New Price Targets

Several research analysts have commented on ALLE shares. Morgan Stanley started coverage on shares of Allegion in a report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price for the company. Barclays lowered their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a report on Thursday. Wells Fargo & Company lowered their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, Mizuho increased their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $140.83.

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.