Mercer Global Advisors Inc. ADV Acquires 653 Shares of Allegion plc (NYSE:ALLE)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Allegion plc (NYSE:ALLE) by 5.8% during the fourth quarter, Holdings Channel reports. The fund owned 11,944 shares of the scientific and technical instruments company’s stock after acquiring an additional 653 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Allegion were worth $1,561,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Millstone Evans Group LLC bought a new stake in Allegion during the 4th quarter worth approximately $28,000. Atala Financial Inc acquired a new position in Allegion in the 4th quarter worth $35,000. GeoWealth Management LLC increased its holdings in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $40,000 after purchasing an additional 223 shares in the last quarter. Private Trust Co. NA lifted its holdings in shares of Allegion by 56.1% in the fourth 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. Finally, Tortoise Investment Management LLC grew 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 buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Morgan Stanley boosted their price target on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 19th. Barclays increased their price target on shares of Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a research note on Friday, April 25th. Finally, Robert W. Baird boosted their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $140.40.

Insider Buying and Selling at Allegion

In other Allegion news, Director Gregg C. Sengstack bought 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at $1,001,920. The trade was a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 over the last three months. Corporate insiders own 0.33% of the company’s stock.

Allegion Stock Up 0.5 %

ALLE stock opened at $140.97 on Friday. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week 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. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 3.97 and a beta of 1.02. The business’s fifty day moving average price is $129.38 and its two-hundred day moving average price is $133.16.

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

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.45%. Allegion’s dividend payout ratio (DPR) is 28.65%.

Allegion Company 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.