2,119 Shares in Allegion plc (NYSE:ALLE) Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new position in shares of Allegion plc (NYSE:ALLE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,119 shares of the scientific and technical instruments company’s stock, valued at approximately $277,000.

A number of other large investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV raised its holdings in shares of Allegion by 70.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 9,650 shares of the scientific and technical instruments company’s stock worth $1,172,000 after buying an additional 4,004 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Allegion by 16.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,222 shares of the scientific and technical instruments company’s stock worth $490,000 after acquiring an additional 588 shares in the last quarter. Intech Investment Management LLC bought a new position in shares of Allegion in the second quarter worth about $569,000. Canada Pension Plan Investment Board acquired a new stake in shares of Allegion in the 2nd quarter valued at approximately $842,000. Finally, Sei Investments Co. grew its holdings in shares of Allegion by 13.0% during the 2nd quarter. Sei Investments Co. now owns 32,225 shares of the scientific and technical instruments company’s stock valued at $3,807,000 after purchasing an additional 3,707 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Mizuho raised their target price on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research report on Thursday. Morgan Stanley began 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. Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company dropped their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $140.83.

Insider Activity at Allegion

In other Allegion news, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.

Allegion Trading Up 0.9 %

Shares of ALLE stock opened at $133.31 on Friday. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 20.48, a PEG ratio of 3.34 and a beta of 1.11. The stock has a 50-day moving average of $135.39 and a 200-day moving average of $136.79.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. On average, equities research analysts forecast that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s dividend payout ratio is presently 29.49%.

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.