Allegion plc (NYSE:ALLE) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in Allegion plc (NYSE:ALLE - Free Report) by 12.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,797 shares of the scientific and technical instruments company's stock after buying an additional 2,841 shares during the period. Cetera Investment Advisers' holdings in Allegion were worth $3,241,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Crew Capital Management Ltd. raised its stake in Allegion by 224.9% during the 4th quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock valued at $759,000 after acquiring an additional 4,022 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Allegion by 438.6% in the fourth quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company's stock valued at $34,983,000 after purchasing an additional 218,000 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Allegion by 4.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company's stock worth $26,724,000 after purchasing an additional 8,806 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Allegion by 73.5% during the fourth quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company's stock worth $2,452,000 after purchasing an additional 7,950 shares during the period. Finally, Magnetar Financial LLC purchased a new position in Allegion in the 4th quarter valued at $4,398,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Price Performance

Shares of ALLE traded down $0.91 during trading hours on Tuesday, reaching $143.58. The company had a trading volume of 706,764 shares, compared to its average volume of 845,316. 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 plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a 50 day simple moving average of $131.60 and a 200-day simple moving average of $133.01. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.55 earnings per share. Research analysts expect that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.42%. Allegion's payout ratio is 28.65%.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Morgan Stanley increased their price target 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. Robert W. Baird raised their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Barclays lifted their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a 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 analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $140.40.

Insiders Place Their Bets

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David S. Ilardi sold 789 shares of the firm's 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 transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by corporate insiders.

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.