Commerce Bank Has $2.04 Million Stock Position in Allegion plc (NYSE:ALLE)

Commerce Bank grew its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 27.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 15,629 shares of the scientific and technical instruments company's stock after buying an additional 3,339 shares during the period. Commerce Bank's holdings in Allegion were worth $2,042,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ALLE. Millstone Evans Group LLC bought a new stake in Allegion in the 4th quarter valued at $28,000. Atala Financial Inc bought a new stake in Allegion in the fourth quarter valued at about $35,000. Private Trust Co. NA raised its position in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 115 shares in the last quarter. Tortoise Investment Management LLC lifted its stake in Allegion by 78.0% during the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock worth $51,000 after purchasing an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after purchasing an additional 101 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of Allegion stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares of the company's stock, valued at $1,205,820. The trade was a 7.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 in the last quarter. 0.33% of the stock is owned by company insiders.

Allegion Price Performance

Shares of NYSE ALLE traded down $3.01 during trading on Friday, reaching $136.50. The company had a trading volume of 1,052,862 shares, compared to its average volume of 830,529. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The business's 50 day moving average price is $127.27 and its 200-day moving average price is $133.61. The stock has a market cap of $11.76 billion, a PE ratio of 20.01, a PEG ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. The firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

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

Allegion Company 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.