Allegion plc (NYSE:ALLE) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System boosted its stake in shares of Allegion plc (NYSE:ALLE) by 1.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,307 shares of the scientific and technical instruments company’s stock after acquiring an additional 255 shares during the quarter. Arizona State Retirement System’s holdings in Allegion were worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of ALLE. Brooklyn Investment Group purchased a new position in Allegion during the third quarter worth about $28,000. Private Trust Co. NA raised its stake in shares of Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 115 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 101 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Allegion by 207.7% in the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock valued at $58,000 after buying an additional 297 shares in the last quarter. Finally, IFP Advisors Inc grew its holdings in Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after acquiring an additional 85 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In other news, SVP David S. Ilardi sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total value of $98,845.92. Following the completion of the transaction, the senior vice president now owns 9,625 shares of the company’s stock, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gregg C. Sengstack bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, for a total transaction of $1,001,920.00. Following the transaction, the director now owns 8,000 shares of the company’s stock, valued at $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on ALLE shares. Robert W. Baird reduced their target price on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Barclays reduced their price objective on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company reduced their price target on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley upped their price target on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat, Allegion presently has an average rating of “Hold” and an average target price of $138.33.

Allegion Stock Up 3.1 %

Shares of NYSE ALLE opened at $131.36 on Monday. The firm’s 50-day moving average is $130.02 and its two-hundred day moving average is $137.15. The company has a market capitalization of $11.33 billion, a PE ratio of 19.26, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Equities analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.51 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. This represents a $2.04 annualized dividend and a yield of 1.55%. Allegion’s payout ratio is presently 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.