Advisor OS LLC Has $347,000 Stock Holdings in Allegion plc (NYSE:ALLE)

Advisor OS LLC decreased its stake in shares of Allegion plc (NYSE:ALLE) by 45.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,653 shares of the scientific and technical instruments company’s stock after selling 2,189 shares during the period. Advisor OS LLC’s holdings in Allegion were worth $347,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ALLE. Brooklyn Investment Group bought a new position in Allegion in the third quarter valued at $28,000. Global Retirement Partners LLC grew its position in shares of Allegion by 207.7% in the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 297 shares during the period. IFP Advisors Inc lifted its stake in shares of Allegion by 23.2% during the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of Allegion during the 4th quarter worth about $65,000. Finally, GAMMA Investing LLC lifted its stake in shares of Allegion by 55.6% during the 4th quarter. GAMMA Investing LLC now owns 504 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 180 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ALLE. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird dropped their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Wells Fargo & Company dropped their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Barclays dropped their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley boosted their target price on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Allegion currently has an average rating of “Hold” and an average target price of $138.33.

Insiders Place Their Bets

In other Allegion news, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gregg C. Sengstack purchased 8,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Allegion Trading Down 1.5 %

Shares of Allegion stock opened at $127.50 on Friday. The firm has a market capitalization of $11.00 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The firm’s 50 day moving average is $130.70 and its 200 day moving average is $137.32. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. The company had revenue of $945.60 million for the quarter, compared to analyst estimates of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities research analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s payout ratio is presently 28.15%.

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.