LVW Advisors LLC reduced its holdings in Allegion plc (NYSE:ALLE – Free Report) 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 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.
Read Our Latest Stock Report on Allegion
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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