Allegion PLC $ALLE Shares Bought by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC grew its stake in shares of Allegion PLC (NYSE:ALLE) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,596 shares of the scientific and technical instruments company’s stock after purchasing an additional 300 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Allegion were worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of ALLE. Wayfinding Financial LLC acquired a new position in shares of Allegion in the 1st quarter valued at $30,000. Sound Income Strategies LLC acquired a new position in shares of Allegion in the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 143 shares during the period. National Pension Service increased its holdings in shares of Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 138 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new position in shares of Allegion in the 1st quarter valued at $44,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Morgan Stanley lifted their target price on shares of Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $175.00 in a research note on Tuesday, July 29th. Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Barclays boosted their price objective on shares of Allegion from $163.00 to $185.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $176.13.

Insider Transactions at Allegion

In related news, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $164.92, for a total transaction of $634,777.08. Following the completion of the sale, the senior vice president owned 8,773 shares of the company’s stock, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares of the company’s stock, valued at approximately $4,946,589.48. This trade represents a 26.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Allegion Price Performance

Allegion stock opened at $175.58 on Thursday. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The firm’s 50-day simple moving average is $173.93 and its 200 day simple moving average is $153.96. The firm has a market capitalization of $15.07 billion, a PE ratio of 24.39, a P/E/G ratio of 3.88 and a beta of 1.07.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same quarter in the previous year, the company posted $1.96 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio is currently 28.33%.

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.