Allegion plc (NYSE:ALLE) Shares Purchased by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC increased its position in shares of Allegion plc (NYSE:ALLE) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,090 shares of the scientific and technical instruments company’s stock after purchasing an additional 114 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Allegion were worth $1,972,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of Allegion during the third quarter worth about $28,000. Atala Financial Inc acquired a new stake in shares of Allegion during the fourth quarter worth about $35,000. Private Trust Co. NA lifted its holdings in shares of Allegion by 56.1% during the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC lifted its holdings in shares of Allegion by 78.0% during the fourth quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after purchasing an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock worth $53,000 after purchasing an additional 101 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Morgan Stanley lifted their price target on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company reduced their price target on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. Barclays reduced their price target on Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday, February 19th. Finally, Robert W. Baird reduced their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus target price of $138.33.

Allegion Stock Up 1.4 %

Allegion stock opened at $126.73 on Friday. The stock has a market capitalization of $10.94 billion, a PE ratio of 18.58, 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 business has a 50 day simple moving average of $129.68 and a 200-day simple moving average of $136.80. 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 issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $938.91 million. On average, analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.61%. This is a boost from Allegion’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, March 14th. Allegion’s payout ratio is presently 29.91%.

Insider Buying and Selling

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now owns 4,972 shares of the company’s stock, valued at approximately $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP David S. Ilardi sold 789 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $125.28, for a total value of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. This trade represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by corporate insiders.

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.