Park Avenue Securities LLC raised its stake in Allegion plc (NYSE:ALLE – Free Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,847 shares of the scientific and technical instruments company’s stock after purchasing an additional 362 shares during the quarter. Park Avenue Securities LLC’s holdings in Allegion were worth $503,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of ALLE. McClarren Financial Advisors Inc. grew its stake in Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter worth approximately $28,000. Concord Wealth Partners bought a new stake in shares of Allegion in the third quarter worth $29,000. Cromwell Holdings LLC raised its holdings in Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Allegion by 66.2% during the 3rd quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock valued at $47,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Allegion Trading Up 0.9 %
NYSE:ALLE opened at $133.31 on Friday. The firm has a market capitalization of $11.59 billion, a P/E ratio of 20.48, a P/E/G ratio of 3.34 and a beta of 1.11. The business has a 50 day simple moving average of $135.39 and a 200 day simple moving average of $136.79. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10.
Allegion Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.48 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.44%. Allegion’s payout ratio is currently 29.49%.
Wall Street Analyst Weigh In
ALLE has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on shares of Allegion in a research note on Monday, January 6th. They issued an “equal weight” rating and a $137.00 target price on the stock. 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 research note on Tuesday, January 7th. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird upped their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays decreased their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $140.83.
Get Our Latest Research Report on Allegion
Insider Activity
In related news, CEO John H. Stone bought 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
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.
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