Allegion plc (NYSE:ALLE) Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. raised its stake in Allegion plc (NYSE:ALLE) by 17.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,737 shares of the scientific and technical instruments company’s stock after buying an additional 1,123 shares during the period. Pacer Advisors Inc.’s holdings in Allegion were worth $1,011,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of ALLE. State Street Corp grew its position in Allegion by 1.2% during 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 purchasing an additional 49,929 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Allegion by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock worth $479,577,000 after purchasing an additional 39,905 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Allegion by 0.4% in the third 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 purchasing an additional 8,023 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Allegion by 13.9% during 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 position in Allegion by 96.8% during 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.

Insider Activity

In other news, CEO John H. Stone purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

Allegion Trading Down 3.0 %

Shares of Allegion stock opened at $128.76 on Tuesday. The firm has a market capitalization of $11.19 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 3.28 and a beta of 1.11. 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 firm’s 50 day moving average is $134.40 and its 200 day moving average is $137.50. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s dividend payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays cut their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Robert W. Baird upped their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Mizuho upped their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $140.83.

Allegion 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.