Captrust Financial Advisors Has $766,000 Stake in Allegion plc (NYSE:ALLE)

Captrust Financial Advisors increased its stake in Allegion plc (NYSE:ALLE - Free Report) by 65.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,861 shares of the scientific and technical instruments company's stock after purchasing an additional 2,320 shares during the quarter. Captrust Financial Advisors' holdings in Allegion were worth $766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALLE. Barclays PLC grew its position in Allegion by 28.9% during the 3rd quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock worth $37,861,000 after purchasing an additional 58,268 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Allegion by 2.4% in the third quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company's stock worth $17,850,000 after buying an additional 2,878 shares during the period. Czech National Bank raised its position in 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 buying an additional 1,100 shares during the period. Park Avenue Securities LLC lifted its stake in Allegion by 10.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company's stock worth $503,000 after acquiring an additional 362 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Allegion in the 4th quarter worth about $282,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Buying and Selling

In related news, SVP David S. Ilardi sold 789 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 owns 9,625 shares in the company, valued at $1,205,820. This represents a 7.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now directly owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

Allegion Stock Down 1.0%

NYSE ALLE traded down $1.48 during trading on Thursday, hitting $140.48. 78,423 shares of the company traded hands, compared to its average volume of 844,517. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The business has a fifty day simple moving average of $132.28 and a 200 day simple moving average of $133.14. The company has a market capitalization of $12.09 billion, a P/E ratio of 20.61, a PEG ratio of 3.97 and a beta of 1.02. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The business 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%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.55 EPS. As a group, sell-side analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ALLE shares. Morgan Stanley upped their target price on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Wells Fargo & Company decreased their target price on shares of 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 upped their price target on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday, April 25th. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Finally, StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, Allegion has a consensus rating of "Hold" and a consensus price target of $140.40.

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.