Integrated Wealth Concepts LLC Trims Stock Position in Allegion plc (NYSE:ALLE)

Integrated Wealth Concepts LLC cut its position in shares of Allegion plc (NYSE:ALLE) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,472 shares of the scientific and technical instruments company’s stock after selling 257 shares during the period. Integrated Wealth Concepts LLC’s holdings in Allegion were worth $652,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. raised its stake in Allegion by 61.0% during the third 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 during the period. Brooklyn Investment Group purchased a new stake in shares of Allegion in the 3rd quarter valued at approximately $28,000. Concord Wealth Partners purchased a new stake in shares of Allegion in the 3rd quarter valued at approximately $29,000. Cromwell Holdings LLC raised its stake in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares during the period. Finally, Crewe Advisors LLC raised its stake in shares of Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 149 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Down 0.6 %

Shares of ALLE stock opened at $140.58 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The stock has a market capitalization of $12.22 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. The company has a 50 day moving average price of $143.41 and a 200 day moving average price of $133.75. Allegion plc has a fifty-two week low of $107.92 and a fifty-two week high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $970.70 million. During the same quarter in the previous year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts predict that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALLE. Mizuho boosted their price target on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Barclays boosted their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Finally, Robert W. Baird boosted their price target on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.60.

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.