Avantra Family Wealth Inc. Buys New Stake in Allegion plc (NYSE:ALLE)

Avantra Family Wealth Inc. acquired a new stake in Allegion plc (NYSE:ALLE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,803 shares of the scientific and technical instruments company’s stock, valued at approximately $236,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in shares of Allegion by 3.9% during the 4th quarter. DAVENPORT & Co LLC now owns 4,534 shares of the scientific and technical instruments company’s stock worth $593,000 after purchasing an additional 170 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Allegion by 2.6% during the fourth quarter. Mediolanum International Funds Ltd now owns 42,753 shares of the scientific and technical instruments company’s stock worth $5,586,000 after buying an additional 1,077 shares during the period. OLD National Bancorp IN increased its position in shares of Allegion by 13.4% during the fourth quarter. OLD National Bancorp IN now owns 4,225 shares of the scientific and technical instruments company’s stock valued at $552,000 after acquiring an additional 500 shares during the last quarter. DMC Group LLC raised its stake in shares of Allegion by 29.0% in the 4th quarter. DMC Group LLC now owns 3,868 shares of the scientific and technical instruments company’s stock valued at $505,000 after acquiring an additional 870 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Allegion by 320.1% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 113,218 shares of the scientific and technical instruments company’s stock worth $14,795,000 after acquiring an additional 86,266 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

ALLE has been the subject of several research reports. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Wells Fargo & Company cut their price objective on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Barclays decreased their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley started coverage on Allegion in a research report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price for the company. Finally, Robert W. Baird raised their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $140.83.

Allegion Stock Performance

Shares of Allegion stock opened at $132.77 on Monday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The business has a 50-day simple moving average of $134.40 and a 200-day simple moving average of $137.50. The company has a market cap of $11.54 billion, a PE ratio of 20.39, a P/E/G ratio of 3.24 and a beta of 1.11. Allegion plc has a one year low of $113.27 and a one year high of $156.10.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.