Allegion plc (NYSE:ALLE) Holdings Raised by Fortem Financial Group LLC

Fortem Financial Group LLC boosted its stake in Allegion plc (NYSE:ALLE) by 4.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,604 shares of the scientific and technical instruments company’s stock after buying an additional 245 shares during the period. Fortem Financial Group LLC’s holdings in Allegion were worth $732,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its holdings in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Brooklyn Investment Group bought a new position in Allegion during the 3rd quarter valued at $28,000. Concord Wealth Partners acquired a new position in shares of Allegion during the 3rd quarter valued at $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 worth $34,000 after buying an additional 92 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Allegion in the second quarter valued at $39,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 0.9 %

NYSE:ALLE traded down $1.21 on Monday, hitting $128.97. 420,271 shares of the company’s stock traded hands, compared to its average volume of 503,586. The firm has a 50-day moving average price of $138.17 and a 200-day moving average price of $135.49. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The company has a market cap of $11.21 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 3.35 and a beta of 1.11. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data 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. The firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Equities analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.49%. Allegion’s payout ratio is 29.49%.

Insider Buying and Selling at Allegion

In other Allegion news, CEO John H. Stone purchased 7,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were bought 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 directly owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the sale, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

ALLE has been the subject of a number of research analyst reports. Robert W. Baird upped their price target on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Mizuho raised their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays upped their price target on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Morgan Stanley started coverage on Allegion in a research note on Monday. They set an “equal weight” rating and a $137.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus target price of $143.33.

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.