2,360 Shares in Allegion plc (NYSE:ALLE) Acquired by Focus Partners Wealth

Focus Partners Wealth acquired a new position in shares of Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,360 shares of the scientific and technical instruments company's stock, valued at approximately $308,000.

Several other hedge funds also recently bought and sold shares of the company. Fiduciary Management Inc. WI acquired a new position in shares of Allegion in the 4th quarter valued at approximately $116,484,000. Norges Bank acquired a new position in shares of Allegion during the 4th quarter worth approximately $108,058,000. Raymond James Financial Inc. bought a new stake in Allegion during the fourth quarter worth $65,175,000. Boston Partners lifted its stake in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after purchasing an additional 488,390 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Allegion by 312.4% during the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company's stock worth $75,012,000 after acquiring an additional 434,820 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ALLE shares. 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 report on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. Robert W. Baird increased their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Finally, Barclays lifted their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $140.40.

Insider Transactions at Allegion

In related news, 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 transaction, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. This represents a 7.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of the stock in a transaction 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 transaction, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. The trade was a 16.51% 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 insiders.

Allegion Stock Performance

Shares of Allegion stock traded down $0.32 during trading on Friday, reaching $141.31. The company's stock had a trading volume of 617,189 shares, compared to its average volume of 851,070. The business's 50-day moving average price is $132.83 and its 200-day moving average price is $133.11. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The firm has a market cap of $12.16 billion, a PE ratio of 20.72, a P/E/G ratio of 3.97 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

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 firm had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same quarter in the prior year, the business posted $1.55 EPS. The business's revenue was up 5.4% compared to the same quarter last year. Equities analysts forecast that Allegion plc will post 7.77 earnings per share 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 given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.44%. Allegion's dividend payout ratio is 28.65%.

Allegion 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.