Venturi Wealth Management LLC Acquires 533 Shares of Allegion plc (NYSE:ALLE)

Venturi Wealth Management LLC boosted its holdings in shares of Allegion plc (NYSE:ALLE) by 24.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,699 shares of the scientific and technical instruments company’s stock after buying an additional 533 shares during the period. Venturi Wealth Management LLC’s holdings in Allegion were worth $353,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Allegion in the 3rd quarter worth $4,988,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Allegion by 4.5% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 204,500 shares of the scientific and technical instruments company’s stock worth $26,724,000 after purchasing an additional 8,806 shares during the last quarter. Qsemble Capital Management LP purchased a new stake in shares of Allegion in the third quarter worth about $891,000. Nordea Investment Management AB boosted its stake in Allegion by 4.4% during the fourth quarter. Nordea Investment Management AB now owns 1,175,995 shares of the scientific and technical instruments company’s stock valued at $154,643,000 after buying an additional 49,176 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Allegion by 31.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company’s stock valued at $116,814,000 after buying an additional 192,609 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Trading Up 0.4 %

ALLE stock opened at $127.05 on Friday. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 3.09 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The firm’s fifty day simple moving average is $131.32 and its two-hundred day simple moving average is $137.24.

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, beating the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.53%. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. As a group, analysts anticipate that Allegion plc will post 7.65 earnings per share for the current year.

Allegion Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird decreased their price target on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays lowered their price objective on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $138.33.

Insider Buying and Selling

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

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.