Allegion plc (NYSE:ALLE) Shares Sold by Thrive Wealth Management LLC

Thrive Wealth Management LLC reduced its holdings in shares of Allegion plc (NYSE:ALLE) by 10.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,648 shares of the scientific and technical instruments company’s stock after selling 196 shares during the quarter. Thrive Wealth Management LLC’s holdings in Allegion were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ALLE. Mercer Global Advisors Inc. ADV grew its stake in Allegion by 70.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 9,650 shares of the scientific and technical instruments company’s stock worth $1,172,000 after purchasing an additional 4,004 shares in the last quarter. Amalgamated Bank lifted its holdings in Allegion by 15.1% during the 2nd quarter. Amalgamated Bank now owns 22,108 shares of the scientific and technical instruments company’s stock worth $2,612,000 after buying an additional 2,904 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Allegion by 16.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,222 shares of the scientific and technical instruments company’s stock worth $490,000 after acquiring an additional 588 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Allegion by 139.5% in the 2nd quarter. Hsbc Holdings PLC now owns 59,872 shares of the scientific and technical instruments company’s stock valued at $7,061,000 after acquiring an additional 34,876 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Allegion during the 2nd quarter valued at approximately $569,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ALLE shares. Mizuho lifted their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays lowered their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Allegion in a report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price on the stock. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Wells Fargo & Company dropped their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $140.83.

Insider Buying and Selling at Allegion

In other Allegion news, CEO John H. Stone purchased 7,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was bought 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 owns 120,481 shares of the company’s stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This represents a 53.07 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Allegion Stock Performance

ALLE opened at $133.72 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $135.70 and its 200-day moving average is $136.68. The stock has a market cap of $11.62 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.93 and a beta of 1.11. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the previous year, the business earned $1.94 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts predict that Allegion plc will post 7.42 earnings per share for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.48 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. Allegion’s dividend payout ratio is presently 29.49%.

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.