Wealth Alliance Sells 420 Shares of Allegion plc (NYSE:ALLE)

Wealth Alliance lessened its holdings in Allegion plc (NYSE:ALLE) by 15.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,349 shares of the scientific and technical instruments company’s stock after selling 420 shares during the quarter. Wealth Alliance’s holdings in Allegion were worth $307,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Allegion in the 3rd quarter valued at about $28,000. Concord Wealth Partners bought a new position in Allegion during the 3rd quarter worth approximately $29,000. Cromwell Holdings LLC boosted its stake in Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Allegion by 207.7% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock worth $58,000 after acquiring an additional 297 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Allegion by 55.6% during the 4th quarter. GAMMA Investing LLC now owns 504 shares of the scientific and technical instruments company’s stock worth $66,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ALLE shares. Robert W. Baird reduced their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company reduced their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Barclays reduced their price objective on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $138.33.

Insider Activity

In related news, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gregg C. Sengstack bought 8,000 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the completion of the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Allegion Stock Performance

Shares of ALLE stock opened at $127.16 on Friday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.29 and a current ratio of 2.04. The company has a market capitalization of $10.97 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 3.99 and a beta of 1.11. The company’s 50 day moving average price is $131.32 and its two-hundred day moving average price is $137.24. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping 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 firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. On average, analysts expect that Allegion plc will post 7.7 earnings per share for the current fiscal 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 issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.60%. Allegion’s dividend payout ratio (DPR) is 28.15%.

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.