Advisor OS LLC Has $347,000 Stock Holdings in Allegion plc (NYSE:ALLE)

Advisor OS LLC decreased its holdings in shares of Allegion plc (NYSE:ALLE) by 45.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,653 shares of the scientific and technical instruments company’s stock after selling 2,189 shares during the period. Advisor OS LLC’s holdings in Allegion were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in Allegion during the third quarter worth $28,000. Global Retirement Partners LLC raised its holdings in Allegion by 207.7% during the fourth quarter. Global Retirement Partners LLC now owns 440 shares of the scientific and technical instruments company’s stock worth $58,000 after buying an additional 297 shares during the last quarter. IFP Advisors Inc raised its holdings in Allegion by 23.2% during the fourth quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company’s stock worth $59,000 after buying an additional 85 shares during the last quarter. BankPlus Trust Department acquired a new position in Allegion during the fourth quarter worth $65,000. Finally, GAMMA Investing LLC raised its holdings in Allegion by 55.6% during the fourth quarter. GAMMA Investing LLC now owns 504 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 180 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the transaction, the chief accounting officer now owns 4,972 shares in the company, valued at $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregg C. Sengstack bought 8,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALLE shares. Wells Fargo & Company reduced their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 19th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Tuesday. Robert W. Baird reduced their target price 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. Morgan Stanley upped their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 19th. Finally, Barclays reduced their target price on shares of Allegion from $134.00 to $130.00 and set an “underweight” rating for the company in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $138.33.

Allegion Price Performance

ALLE opened at $127.50 on Friday. The firm has a market cap of $11.00 billion, a P/E ratio of 18.69, a PEG ratio of 3.97 and a beta of 1.11. The firm has a 50-day moving average of $130.70 and a 200 day moving average of $137.32. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10.

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

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.48. Allegion’s dividend payout ratio (DPR) is currently 28.15%.

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.