Allegion plc (NYSE:ALLE) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its position in shares of Allegion plc (NYSE:ALLE) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 400,859 shares of the scientific and technical instruments company’s stock after buying an additional 29,888 shares during the period. Envestnet Asset Management Inc. owned approximately 0.46% of Allegion worth $52,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. TD Private Client Wealth LLC increased its stake in Allegion by 0.4% during the third 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 acquiring an additional 77 shares during the last quarter. Douglass Winthrop Advisors LLC raised its holdings in Allegion by 0.4% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company’s stock valued at $2,911,000 after buying an additional 80 shares during the period. Heritage Family Offices LLP raised its holdings 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 valued at $346,000 after buying an additional 82 shares during the period. IFP Advisors Inc lifted its position in Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock valued at $59,000 after buying an additional 85 shares during the last quarter. Finally, Captrust Financial Advisors boosted its stake in Allegion by 2.8% during the third 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. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 2.0 %

Shares of NYSE ALLE opened at $122.18 on Friday. 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 $10.54 billion, a P/E ratio of 17.92, a PEG ratio of 3.97 and a beta of 1.01. 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 business’s fifty day simple moving average is $127.79 and its 200-day simple moving average is $134.99.

Allegion (NYSE:ALLE) last announced its quarterly earnings data 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. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The business had revenue of $945.60 million during the quarter, compared to analysts’ expectations of $938.91 million. As a group, equities analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.67%. Allegion’s dividend payout ratio is presently 29.91%.

Insider Activity

In related news, CAO Nickolas A. Musial sold 403 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregg C. Sengstack acquired 8,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird decreased their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a report on Wednesday, February 19th. Morgan Stanley upped their price target on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Barclays dropped their price objective on Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company dropped their target price 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. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $137.67.

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.