Proficio Capital Partners LLC Takes Position in Allegion plc (NYSE:ALLE)

Proficio Capital Partners LLC acquired a new stake in Allegion plc (NYSE:ALLE) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,990 shares of the scientific and technical instruments company’s stock, valued at approximately $2,090,000.

Other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group bought a new position in shares of Allegion during the third quarter worth about $28,000. Private Trust Co. NA grew its position 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 during the period. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 101 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Allegion by 207.7% during the 4th quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock valued at $58,000 after acquiring an additional 297 shares during the period. Finally, IFP Advisors Inc raised its holdings in shares of Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock valued at $59,000 after purchasing an additional 85 shares during the period. Institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 2,032 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gregg C. Sengstack bought 8,000 shares of Allegion stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of $125.24 per share, for a total transaction of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at $1,001,920. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,224 shares of company stock valued at $406,636 in the last quarter. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on ALLE shares. Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. Barclays lowered their target price on Allegion from $134.00 to $130.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 19th. 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. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Friday, March 7th. Finally, Morgan Stanley lifted their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $138.33.

Allegion Stock Performance

NYSE ALLE opened at $128.81 on Thursday. The firm has a market cap of $11.12 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The company’s 50 day moving average is $129.67 and its 200-day moving average is $136.60. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.11. The business had revenue of $945.60 million during the quarter, compared to analyst estimates of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. Sell-side analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. This is a positive change 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 dividend yield of 1.58%. Allegion’s payout ratio is presently 29.91%.

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.