Generali Asset Management SPA SGR Makes New $2.87 Million Investment in Allegion plc (NYSE:ALLE)

Generali Asset Management SPA SGR purchased a new position in Allegion plc (NYSE:ALLE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,976 shares of the scientific and technical instruments company’s stock, valued at approximately $2,872,000.

Several other institutional investors also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC increased its position in Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after buying an additional 77 shares during the period. OneDigital Investment Advisors LLC increased its position in Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 82 shares during the period. Heritage Family Offices LLP increased its position in Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 82 shares during the period. IFP Advisors Inc increased its position in Allegion by 23.2% in 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 period. Finally, Captrust Financial Advisors increased its position in Allegion by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock worth $516,000 after buying an additional 96 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Trading Up 0.7 %

ALLE stock opened at $128.81 on Thursday. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm has a market cap of $11.12 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.97 and a beta of 1.11. The business’s 50 day moving average is $129.67 and its 200-day moving average is $136.60. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The company had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities analysts anticipate 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. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is presently 29.91%.

Analyst Ratings Changes

A number of analysts have commented on ALLE shares. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Robert W. Baird reduced their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. Barclays reduced their price objective on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Morgan Stanley raised their price objective on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Finally, StockNews.com downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $138.33.

Insider Activity

In related news, Director Gregg C. Sengstack acquired 8,000 shares of the stock in a transaction on 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 owns 8,000 shares of the company’s stock, valued at $1,001,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by corporate insiders.

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.