Wealth Alliance Has $286,000 Stake in Allegion plc (NYSE:ALLE)

Wealth Alliance grew its stake in Allegion plc (NYSE:ALLE) by 12.5% during the fourth quarter, HoldingsChannel reports. The firm owned 2,256 shares of the scientific and technical instruments company’s stock after buying an additional 251 shares during the quarter. Wealth Alliance’s holdings in Allegion were worth $286,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ALLE. Compass Wealth Management LLC acquired a new stake in shares of Allegion in the 4th quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Allegion in the 4th quarter valued at approximately $28,000. Benjamin Edwards Inc. boosted its stake in shares of Allegion by 123.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 261 shares of the scientific and technical instruments company’s stock valued at $31,000 after purchasing an additional 144 shares in the last quarter. Ancora Advisors LLC boosted its stake in shares of Allegion by 153.3% in the 3rd quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 230 shares in the last quarter. Finally, Headinvest LLC bought a new position in Allegion in the 3rd quarter valued at approximately $48,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In other 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 sale, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 sale, the vice president now owns 35,567 shares of the company’s stock, valued at approximately $4,623,354.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John H. Stone acquired 10,000 shares of Allegion stock in a transaction dated Thursday, February 22nd. The shares were bought at an average cost of $132.41 per share, with a total value of $1,324,100.00. Following the transaction, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The disclosure for this purchase can be found here. Insiders own 0.90% of the company’s stock.

Allegion Stock Down 0.7 %

Allegion stock opened at $124.84 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.85 and a current ratio of 1.26. Allegion plc has a 52-week low of $95.94 and a 52-week high of $136.91. The firm has a 50 day moving average price of $130.93 and a two-hundred day moving average price of $118.74. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 4.55 and a beta of 1.14.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.09. Allegion had a net margin of 14.80% and a return on equity of 51.95%. The firm had revenue of $897.40 million during the quarter, compared to analyst estimates of $904.17 million. During the same quarter last year, the business earned $1.60 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Equities analysts predict that Allegion plc will post 7.01 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.54%. The ex-dividend date of this dividend is Thursday, June 13th. Allegion’s dividend payout ratio (DPR) is 31.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ALLE shares. Barclays raised their price objective 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. Wells Fargo & Company lowered shares of Allegion from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $139.00 to $140.00 in a report on Wednesday, February 21st. Mizuho lowered shares of Allegion from a “buy” rating to a “neutral” rating and raised their price objective for the company from $140.00 to $141.00 in a report on Friday, February 23rd. UBS Group raised their price objective on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday. 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $127.83.

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.