Allegion plc (NYSE:ALLE) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in Allegion plc (NYSE:ALLE - Free Report) by 55.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,081 shares of the scientific and technical instruments company's stock after acquiring an additional 8,191 shares during the period. ProShare Advisors LLC's holdings in Allegion were worth $3,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its position in Allegion by 28.9% during the third quarter. Barclays PLC now owns 259,793 shares of the scientific and technical instruments company's stock worth $37,861,000 after buying an additional 58,268 shares in the last quarter. Park Avenue Securities LLC lifted its position in Allegion by 10.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company's stock worth $503,000 after buying an additional 362 shares in the last quarter. Merit Financial Group LLC purchased a new position in Allegion during the fourth quarter worth approximately $282,000. Arkadios Wealth Advisors purchased a new position in Allegion during the fourth quarter worth approximately $277,000. Finally, Diversify Wealth Management LLC lifted its position in Allegion by 13.7% during the fourth quarter. Diversify Wealth Management LLC now owns 7,743 shares of the scientific and technical instruments company's stock worth $977,000 after buying an additional 934 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALLE. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Barclays lifted their target price on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. Finally, Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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 stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51% 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 David S. Ilardi sold 789 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the sale, the senior vice president now owns 9,625 shares in the company, valued at approximately $1,205,820. This trade represents a 7.58% decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Allegion Price Performance

ALLE stock opened at $143.58 on Wednesday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The company has a market capitalization of $12.35 billion, a PE ratio of 21.05, a P/E/G ratio of 3.97 and a beta of 1.02. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The business's fifty day moving average price is $131.60 and its 200 day moving average price is $133.01.

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, beating 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%. The company'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 $1.55 EPS. On average, sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.42%. Allegion's dividend payout ratio (DPR) is 28.65%.

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.

Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion plc (NYSE:ALLE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.