NewEdge Wealth LLC Acquires 1,090 Shares of Allegion plc (NYSE:ALLE)

NewEdge Wealth LLC raised its holdings in Allegion plc (NYSE:ALLE) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,380 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,090 shares during the period. NewEdge Wealth LLC’s holdings in Allegion were worth $3,970,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ALLE. Los Angeles Capital Management LLC grew its holdings in shares of Allegion by 1.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 213,905 shares of the scientific and technical instruments company’s stock worth $27,953,000 after purchasing an additional 3,988 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Allegion by 1.4% in the fourth quarter. Amalgamated Bank now owns 17,373 shares of the scientific and technical instruments company’s stock worth $2,270,000 after acquiring an additional 237 shares during the period. BankPlus Trust Department acquired a new position in shares of Allegion in the fourth quarter worth approximately $65,000. Quartz Partners LLC lifted its stake in shares of Allegion by 3.8% in the fourth quarter. Quartz Partners LLC now owns 4,618 shares of the scientific and technical instruments company’s stock worth $603,000 after acquiring an additional 170 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Allegion by 23.2% in the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after acquiring an additional 85 shares during the period. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other Allegion news, Director Gregg C. Sengstack purchased 8,000 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed 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 value of $50,254.10. Following the completion of the sale, the chief accounting officer now directly owns 4,972 shares in the company, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Allegion Stock Up 1.1 %

Shares of NYSE ALLE opened at $128.82 on Friday. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The business’s fifty day moving average price is $130.64 and its 200-day moving average price is $137.26. The stock has a market capitalization of $11.12 billion, a PE ratio of 18.89, a P/E/G ratio of 3.97 and a beta of 1.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. On average, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.58%. Allegion’s dividend payout ratio is 29.91%.

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.