LVW Advisors LLC Has $631,000 Position in Allegion plc (NYSE:ALLE)

LVW Advisors LLC reduced its holdings in Allegion plc (NYSE:ALLE) by 2.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,685 shares of the scientific and technical instruments company’s stock after selling 139 shares during the period. LVW Advisors LLC’s holdings in Allegion were worth $631,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC bought a new position in Allegion in the 4th quarter worth approximately $28,000. Robeco Institutional Asset Management B.V. increased its position in shares of Allegion by 19.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after purchasing an additional 3,823 shares during the period. Ancora Advisors LLC increased its position in shares of Allegion by 153.3% during the third quarter. Ancora Advisors LLC now owns 380 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 230 shares during the period. Headinvest LLC bought a new stake in shares of Allegion during the third quarter valued at approximately $48,000. Finally, Signaturefd LLC increased its position in shares of Allegion by 20.9% during the fourth quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 132 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

Shares of ALLE stock opened at $115.69 on Tuesday. The stock’s fifty day simple moving average is $121.03 and its 200 day simple moving average is $125.36. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The firm has a market cap of $10.12 billion, a price-to-earnings ratio of 18.87, a P/E/G ratio of 3.71 and a beta of 1.13. Allegion plc has a one year low of $95.94 and a one year high of $136.91.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The business had revenue of $893.90 million for the quarter, compared to analyst estimates of $888.27 million. Allegion had a return on equity of 48.58% and a net margin of 14.93%. Allegion’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 EPS. On average, analysts expect that Allegion plc will post 7.09 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, June 14th. Allegion’s dividend payout ratio is currently 31.32%.

Insiders Place Their Bets

In other Allegion news, SVP Tracy L. Kemp sold 2,194 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now owns 11,103 shares of the company’s stock, valued at $1,354,343.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research reports. Barclays cut Allegion from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $122.00 to $116.00 in a research report on Tuesday, June 4th. UBS Group boosted their price objective on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $126.83.

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.