Bleakley Financial Group LLC Buys 239 Shares of Allegion plc (NYSE:ALLE)

Bleakley Financial Group LLC lifted its position in shares of Allegion plc (NYSE:ALLE) by 17.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,643 shares of the scientific and technical instruments company’s stock after buying an additional 239 shares during the quarter. Bleakley Financial Group LLC’s holdings in Allegion were worth $215,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its stake in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of Allegion by 0.4% in the third quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock valued at $2,871,000 after purchasing an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 82 shares in the last quarter. Heritage Family Offices LLP lifted its position in shares of Allegion by 3.2% in the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after purchasing an additional 82 shares during the period. Finally, Cromwell Holdings LLC lifted its holdings in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In related news, CEO John H. Stone acquired 7,500 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLE. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Wells Fargo & Company lowered their price target 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. Mizuho upped their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Morgan Stanley started coverage on shares of Allegion in a research note on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target on the stock. Finally, Barclays reduced their target price 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.83.

Allegion Stock Performance

Shares of Allegion stock opened at $131.33 on Thursday. The business’s fifty day simple moving average is $132.78 and its 200-day simple moving average is $137.52. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The firm has a market cap of $11.42 billion, a PE ratio of 20.17, a price-to-earnings-growth ratio of 3.19 and a beta of 1.11.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) 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.