Diversify Wealth Management LLC Has $977,000 Stock Holdings in Allegion plc (NYSE:ALLE)

Diversify Wealth Management LLC increased its stake in Allegion plc (NYSE:ALLE) by 13.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,743 shares of the scientific and technical instruments company’s stock after purchasing an additional 934 shares during the period. Diversify Wealth Management LLC’s holdings in Allegion were worth $977,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ALLE. Arkadios Wealth Advisors acquired a new position in Allegion in the fourth quarter valued at about $277,000. Merit Financial Group LLC bought a new stake in Allegion in the 4th quarter valued at $282,000. Heritage Family Offices LLP boosted its position in shares of Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 82 shares during the period. Contravisory Investment Management Inc. bought a new position in shares of Allegion during the 4th quarter worth approximately $531,000. Finally, Park Avenue Securities LLC grew its holdings in shares of Allegion by 10.4% in the 4th quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company’s stock valued at $503,000 after acquiring an additional 362 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allegion

In other news, CEO John H. Stone purchased 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The acquisition 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 the company’s stock in a transaction that occurred 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 directly owns 7,104 shares of the company’s stock, 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. 0.33% of the stock is currently owned by company insiders.

Allegion Price Performance

Shares of ALLE opened at $133.72 on Tuesday. The business has a 50-day moving average of $135.70 and a 200-day moving average of $136.68. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to analysts’ expectations of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 earnings per share. As a group, equities research analysts anticipate that Allegion plc will post 7.42 earnings per share for the current year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s payout ratio is 29.49%.

Analysts Set New Price Targets

ALLE has been the topic of a number of recent analyst reports. 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 report on Tuesday, January 7th. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird increased their target price on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley started coverage on shares of Allegion in a research note on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price on the stock. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $140.83.

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.