Focus Partners Wealth Makes New $308,000 Investment in Allegion plc (NYSE:ALLE)

Focus Partners Wealth bought a new position in Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,360 shares of the scientific and technical instruments company's stock, valued at approximately $308,000.

Several other institutional investors have also made changes to their positions in the company. Ensign Peak Advisors Inc lifted its stake in Allegion by 34.3% in the fourth quarter. Ensign Peak Advisors Inc now owns 49,522 shares of the scientific and technical instruments company's stock valued at $6,472,000 after acquiring an additional 12,657 shares during the last quarter. Ethic Inc. raised its position in shares of Allegion by 7.1% in the fourth quarter. Ethic Inc. now owns 7,427 shares of the scientific and technical instruments company's stock valued at $971,000 after purchasing an additional 495 shares during the period. Deutsche Bank AG raised its position in shares of Allegion by 19.2% in the fourth quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company's stock valued at $214,552,000 after purchasing an additional 264,379 shares during the period. Colonial Trust Co SC raised its position in shares of Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 164 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Allegion by 12.9% in the fourth quarter. Cetera Investment Advisers now owns 24,797 shares of the scientific and technical instruments company's stock valued at $3,241,000 after purchasing an additional 2,841 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Price Performance

Shares of ALLE stock traded up $3.19 during trading hours on Tuesday, reaching $144.50. 1,178,623 shares of the company were exchanged, compared to its average volume of 852,381. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The stock's fifty day moving average is $133.41 and its two-hundred day moving average is $133.10. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 3.97 and a beta of 1.02. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same period in the prior year, the business earned $1.55 earnings per share. Allegion's quarterly revenue was up 5.4% on a year-over-year basis. Sell-side analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm 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 $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.41%. Allegion's dividend payout ratio is currently 28.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of 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 lowered their target price 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. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays upped their price objective 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. Finally, 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 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 company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $140.40.

Insider Activity at Allegion

In related news, SVP Tracy L. Kemp sold 2,032 shares of the 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 transaction, the senior vice president now directly owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David S. Ilardi sold 789 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company 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.