Avantra Family Wealth Inc. Invests $236,000 in Allegion plc (NYSE:ALLE)

Avantra Family Wealth Inc. purchased a new stake in shares of Allegion plc (NYSE:ALLE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,803 shares of the scientific and technical instruments company’s stock, valued at approximately $236,000.

Several other institutional investors have also added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its stake in shares of 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 valued at $27,000 after acquiring an additional 72 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in Allegion by 0.4% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,697 shares of the scientific and technical instruments company’s stock worth $2,871,000 after purchasing an additional 77 shares during the period. OneDigital Investment Advisors LLC raised its holdings in shares of Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after acquiring an additional 82 shares in the last quarter. Heritage Family Offices LLP lifted its stake in Allegion by 3.2% in 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 acquiring an additional 82 shares during the period. Finally, Cromwell Holdings LLC grew its holdings 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 in the last quarter. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Barclays lowered their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley began coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 target price for the company. Wells Fargo & Company cut their price target on Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Mizuho boosted 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. 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 stock has an average rating of “Hold” and a consensus target price of $140.83.

Allegion Trading Down 0.6 %

Allegion stock opened at $132.77 on Monday. 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 cap of $11.54 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 3.24 and a beta of 1.11. The stock has a 50-day moving average of $134.40 and a two-hundred day moving average of $137.50. Allegion plc has a one year low of $113.27 and a one year high of $156.10.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid 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 1.45%. Allegion’s payout ratio is 29.49%.

Insiders Place Their Bets

In other Allegion news, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The stock was bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.