Allegion plc (NYSE:ALLE) Shares Purchased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC raised its position in Allegion plc (NYSE:ALLE) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,696 shares of the scientific and technical instruments company’s stock after acquiring an additional 617 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Allegion were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ALLE. McClarren Financial Advisors Inc. grew its holdings in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group purchased a new position in Allegion in the 3rd quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in shares of Allegion in the third quarter worth $29,000. Cromwell Holdings LLC increased its position in shares of Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Allegion by 66.2% in the third quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 129 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the sale, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This represents a 53.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John H. Stone acquired 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Allegion Stock Up 1.2 %

Shares of NYSE:ALLE opened at $129.78 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The firm has a 50 day simple moving average of $136.49 and a 200-day simple moving average of $136.20. The company has a market capitalization of $11.28 billion, a PE ratio of 19.94, a P/E/G ratio of 3.35 and a beta of 1.11. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the firm posted $1.94 earnings per share. Allegion’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, equities analysts predict that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is 29.49%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley started coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target on the stock. Robert W. Baird raised their target price on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays reduced their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $140.83.

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.