Sanctuary Advisors LLC Acquires 1,874 Shares of Allegion plc (NYSE:ALLE)

Sanctuary Advisors LLC raised its holdings in shares of Allegion plc (NYSE:ALLE) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,745 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,874 shares during the quarter. Sanctuary Advisors LLC’s holdings in Allegion were worth $2,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. State Street Corp lifted its holdings in shares of Allegion by 1.2% in the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock worth $589,659,000 after acquiring an additional 49,929 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Allegion by 8.1% in the 4th quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company’s stock worth $449,033,000 after acquiring an additional 257,175 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Allegion by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock worth $306,699,000 after acquiring an additional 8,023 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after acquiring an additional 232,395 shares during the last quarter. Finally, Lord Abbett & CO. LLC lifted its holdings in shares of Allegion by 96.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after acquiring an additional 823,874 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ALLE. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday. 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 note on Wednesday. Barclays reduced their price target on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, 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 note on Wednesday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus target price of $138.33.

Allegion Trading Up 0.0 %

NYSE ALLE opened at $127.16 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.29 and a current ratio of 2.04. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The company’s 50-day simple moving average is $131.09 and its two-hundred day simple moving average is $137.31. Allegion plc has a one year low of $113.27 and a one year high of $156.10.

Allegion (NYSE:ALLE) last posted its 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 business had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Equities analysts forecast that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. Allegion’s dividend payout ratio (DPR) is 28.15%.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone bought 7,500 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the completion of the purchase, the director now directly owns 8,000 shares in the company, 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 own 0.33% of the company’s stock.

About Allegion

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.