Allegion plc (NYSE:ALLE) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its position in Allegion plc (NYSE:ALLE) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,256 shares of the scientific and technical instruments company’s stock after acquiring an additional 110 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Allegion were worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Allegion by 1.9% in the third quarter. Victory Capital Management Inc. now owns 60,745 shares of the scientific and technical instruments company’s stock valued at $8,853,000 after purchasing an additional 1,160 shares during the period. Thrivent Financial for Lutherans increased its holdings in Allegion by 42.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company’s stock worth $768,000 after buying an additional 1,576 shares during the period. Pathstone Holdings LLC raised its position in Allegion by 4.9% during the 3rd quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company’s stock worth $1,861,000 after buying an additional 596 shares during the last quarter. Intech Investment Management LLC lifted its stake in Allegion by 104.8% during the 3rd quarter. Intech Investment Management LLC now owns 9,855 shares of the scientific and technical instruments company’s stock valued at $1,436,000 after acquiring an additional 5,042 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Allegion by 13.9% in the 3rd 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 acquiring an additional 232,395 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ALLE has been the subject of several recent research reports. Wells Fargo & Company reduced their target price 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. Morgan Stanley upped their price objective 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. Robert W. Baird lowered their target price on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 19th. Barclays reduced their price target on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a report on Wednesday, February 19th. Finally, StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $138.33.

Insider Buying and Selling

In other news, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares in the company, valued at $1,302,000.02. This trade represents a 16.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the company’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 value of $50,254.10. Following the completion of the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at $620,008.40. This represents a 7.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by corporate insiders.

Allegion Trading Down 0.4 %

ALLE stock opened at $127.17 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The business’s 50-day moving average is $129.67 and its 200 day moving average is $136.46. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 3.97 and a beta of 1.11. Allegion plc has a 12-month low of $113.27 and a 12-month 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 earnings per share (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 company had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. On average, sell-side analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.60%. 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 (DPR) is currently 29.91%.

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.