180 Wealth Advisors LLC Boosts Stake in Allegion plc (NYSE:ALLE)

180 Wealth Advisors LLC lifted its holdings in Allegion plc (NYSE:ALLE) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,696 shares of the scientific and technical instruments company’s stock after purchasing an additional 617 shares during the period. 180 Wealth Advisors LLC’s holdings in Allegion were worth $483,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of ALLE. Lord Abbett & CO. LLC increased its position in shares of Allegion by 96.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after buying an additional 823,874 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Allegion by 397.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock valued at $88,450,000 after acquiring an additional 484,995 shares during the period. International Assets Investment Management LLC purchased a new stake in Allegion in the 3rd quarter worth $666,840,000. Millennium Management LLC raised its position in Allegion by 483.1% during the second quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock worth $60,914,000 after acquiring an additional 427,146 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock valued at $277,581,000 after purchasing an additional 232,395 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Morgan Stanley started coverage on shares of Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target for the company. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays lowered their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lowered their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, Allegion has an average rating of “Hold” and an average target price of $140.83.

Allegion Stock Performance

NYSE ALLE opened at $129.78 on Wednesday. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market capitalization of $11.28 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.35 and a beta of 1.11. The stock’s fifty day moving average is $136.49 and its two-hundred day moving average is $136.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71.

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

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.48%. Allegion’s dividend payout ratio is currently 29.49%.

Insider Activity

In related news, CEO John H. Stone purchased 7,500 shares of the company’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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.