Atria Wealth Solutions Inc. Sells 96 Shares of Allegion plc (NYSE:ALLE)

Atria Wealth Solutions Inc. reduced its position in shares of Allegion plc (NYSE:ALLE) by 3.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,770 shares of the scientific and technical instruments company’s stock after selling 96 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Allegion were worth $362,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its holdings in Allegion by 0.4% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after purchasing an additional 77 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after purchasing an additional 82 shares in the last quarter. Heritage Family Offices LLP raised its holdings in 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 in the last quarter. Captrust Financial Advisors raised its holdings in Allegion by 2.8% in the 3rd quarter. Captrust Financial Advisors now owns 3,541 shares of the scientific and technical instruments company’s stock worth $516,000 after purchasing an additional 96 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Allegion by 2.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,925 shares of the scientific and technical instruments company’s stock worth $718,000 after purchasing an additional 118 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Price Performance

ALLE opened at $128.82 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The stock has a market capitalization of $11.12 billion, a P/E ratio of 18.89, a P/E/G ratio of 3.97 and a beta of 1.11. The company’s 50-day simple moving average is $130.64 and its two-hundred day simple moving average is $137.26. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. As a group, analysts predict that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio is 29.91%.

Insider Transactions at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now owns 4,972 shares in the company, valued at approximately $620,008.40. This trade represents a 7.50 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased 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 in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Barclays reduced their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird reduced their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 19th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has an average rating of “Hold” and a consensus price target of $138.33.

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.