2,436 Shares in Allegion plc (NYSE:ALLE) Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC bought a new position in shares of Allegion plc (NYSE:ALLE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,436 shares of the scientific and technical instruments company’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schechter Investment Advisors LLC grew its holdings in Allegion by 3.9% during the 4th quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after acquiring an additional 97 shares in the last quarter. Huntington National Bank grew its holdings in Allegion by 19.5% during the 3rd quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock worth $66,000 after acquiring an additional 104 shares in the last quarter. Allworth Financial LP grew its holdings in Allegion by 11.8% during the 4th quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock worth $124,000 after acquiring an additional 104 shares in the last quarter. iA Global Asset Management Inc. grew its holdings in Allegion by 5.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,200 shares of the scientific and technical instruments company’s stock worth $229,000 after acquiring an additional 112 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Allegion by 0.6% during the 4th quarter. Arizona State Retirement System now owns 24,126 shares of the scientific and technical instruments company’s stock worth $3,057,000 after acquiring an additional 133 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Performance

Shares of Allegion stock opened at $126.97 on Wednesday. The firm has a market capitalization of $11.12 billion, a P/E ratio of 20.75, a PEG ratio of 4.51 and a beta of 1.14. The company has a quick ratio of 0.85, a current ratio of 1.26 and a debt-to-equity ratio of 1.22. The company has a 50 day moving average price of $130.57 and a 200 day moving average price of $119.44. Allegion plc has a 52 week low of $95.94 and a 52 week high of $136.91.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.59 by $0.09. The firm had revenue of $897.40 million during the quarter, compared to analyst estimates of $904.17 million. Allegion had a net margin of 14.80% and a return on equity of 51.95%. Allegion’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm posted $1.60 EPS. Sell-side analysts expect that Allegion plc will post 7.01 EPS for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, June 13th. Allegion’s dividend payout ratio is presently 31.37%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ALLE shares. Barclays raised their price target on shares of Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a report on Tuesday, April 2nd. Mizuho cut shares of Allegion from a “buy” rating to a “neutral” rating and raised their price target for the company from $140.00 to $141.00 in a report on Friday, February 23rd. UBS Group raised their price target on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Wells Fargo & Company cut shares of Allegion from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $127.83.

Insiders Place Their Bets

In other Allegion news, VP Timothy P. Eckersley sold 5,047 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the completion of the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Robert C. Martens sold 5,391 shares of Allegion stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $132.84, for a total transaction of $716,140.44. Following the completion of the transaction, the senior vice president now directly owns 7,555 shares of the company’s stock, valued at approximately $1,003,606.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Timothy P. Eckersley sold 5,047 shares of Allegion stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $129.99, for a total transaction of $656,059.53. Following the transaction, the vice president now directly owns 35,567 shares of the company’s stock, valued at $4,623,354.33. The disclosure for this sale can be found here. 0.90% of the stock is currently owned by insiders.

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.