Ethic Inc. Has $971,000 Position in Allegion plc (NYSE:ALLE)

Ethic Inc. raised its stake in shares of Allegion plc (NYSE:ALLE) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,427 shares of the scientific and technical instruments company’s stock after purchasing an additional 495 shares during the quarter. Ethic Inc.’s holdings in Allegion were worth $971,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of Allegion during the 4th quarter valued at about $28,000. Colonial Trust Co SC lifted its holdings in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock valued at $33,000 after purchasing an additional 164 shares in the last quarter. Atala Financial Inc bought a new position in shares of Allegion during the 4th quarter valued at about $35,000. GeoWealth Management LLC lifted its holdings in shares of Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock valued at $40,000 after purchasing an additional 223 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings 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 valued at $42,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 0.6%

NYSE ALLE opened at $142.91 on Wednesday. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The stock has a 50 day moving average of $130.08 and a 200-day moving average of $132.89. The company has a market cap of $12.30 billion, a PE ratio of 20.95, a PEG ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.18. The business had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. On average, equities research analysts anticipate that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.43%. Allegion’s payout ratio is 28.65%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALLE. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Robert W. Baird boosted their target price on Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a research note on Friday, April 25th. Morgan Stanley boosted their target price on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company cut their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays boosted their target price on Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $140.40.

Insider Buying and Selling

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

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.