Impact Capital Partners LLC Makes New $509,000 Investment in Allegion plc (NYSE:ALLE)

Impact Capital Partners LLC purchased a new stake in Allegion plc (NYSE:ALLE) during the 4th quarter, Holdings Channel reports. The fund purchased 3,894 shares of the scientific and technical instruments company’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock valued at $2,871,000 after buying an additional 77 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 82 shares during the period. Heritage Family Offices LLP grew its holdings in Allegion by 3.2% in the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock valued at $346,000 after purchasing an additional 82 shares during the period. IFP Advisors Inc grew its holdings 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 purchasing an additional 85 shares during the period. Finally, Captrust Financial Advisors grew its holdings in Allegion by 2.8% in the third quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock valued at $516,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ALLE shares. Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 19th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Robert W. Baird reduced their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. Finally, Barclays decreased their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. One equities research 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.com, the company presently has a consensus rating of “Hold” and an average target price of $138.33.

Insider Buying and Selling at Allegion

In other Allegion 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 transaction of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the purchase, the director now directly owns 8,000 shares of the company’s stock, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 over the last quarter. 0.33% of the stock is owned by corporate insiders.

Allegion Trading Up 0.8 %

Shares of ALLE opened at $124.96 on Friday. The company has a market capitalization of $10.78 billion, a P/E ratio of 18.32, a P/E/G ratio of 3.97 and a beta of 1.11. 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 quick ratio of 1.43 and a current ratio of 2.04. The stock has a 50-day moving average price of $129.75 and a 200 day moving average price of $136.88.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Sell-side analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.63%. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is presently 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.