Sherbrooke Park Advisers LLC Makes New $438,000 Investment in Allegion plc (NYSE:ALLE)

Sherbrooke Park Advisers LLC purchased a new stake in Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,349 shares of the scientific and technical instruments company's stock, valued at approximately $438,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in shares of Allegion in the fourth quarter valued at about $28,000. Colonial Trust Co SC raised its stake in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Allegion during the 4th quarter worth approximately $35,000. GeoWealth Management LLC boosted its holdings in shares of Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after buying an additional 223 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Transactions at Allegion

In other news, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction 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 owns 9,625 shares of the company's stock, valued at $1,205,820. This represents a 7.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now directly owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. This trade represents 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 company insiders.

Allegion Stock Down 0.6%

Shares of ALLE stock traded down $0.80 on Friday, hitting $140.84. The stock had a trading volume of 136,277 shares, compared to its average volume of 995,340. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The business has a 50 day moving average of $132.56 and a 200 day moving average of $133.16. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02.

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 for the quarter, topping the consensus estimate of $1.68 by $0.18. The business had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business's revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.55 earnings per share. As a group, analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have commented on ALLE shares. Robert W. Baird upped their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wells Fargo & Company decreased their price target 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. Barclays increased their price target on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" 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, Morgan Stanley increased their target price on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.