4,779 Shares in Allegion plc (NYSE:ALLE) Bought by Everpar Advisors LLC

Everpar Advisors LLC bought a new stake in Allegion plc (NYSE:ALLE) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,779 shares of the scientific and technical instruments company’s stock, valued at approximately $605,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Schechter Investment Advisors LLC grew its position in shares of Allegion by 3.9% during the fourth quarter. Schechter Investment Advisors LLC now owns 2,554 shares of the scientific and technical instruments company’s stock worth $324,000 after acquiring an additional 97 shares during the last quarter. Huntington National Bank boosted its stake in shares of Allegion by 19.5% during the third quarter. Huntington National Bank now owns 638 shares of the scientific and technical instruments company’s stock worth $66,000 after buying an additional 104 shares during the period. Allworth Financial LP grew its holdings in shares of Allegion by 11.8% during the fourth quarter. Allworth Financial LP now owns 982 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 104 shares during the last quarter. iA Global Asset Management Inc. raised its stake in Allegion by 5.4% during the 3rd quarter. iA Global Asset Management Inc. now owns 2,200 shares of the scientific and technical instruments company’s stock valued at $229,000 after acquiring an additional 112 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Allegion by 20.9% during the 4th quarter. Signaturefd LLC now owns 765 shares of the scientific and technical instruments company’s stock worth $97,000 after acquiring an additional 132 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ALLE shares. Wells Fargo & Company downgraded shares of Allegion from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $139.00 to $140.00 in a research report on Wednesday, February 21st. UBS Group lifted their price objective on Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Barclays lifted their price target on Allegion from $121.00 to $122.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho downgraded Allegion from a “buy” rating to a “neutral” rating and raised their target price for the company from $140.00 to $141.00 in a report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $127.83.

Allegion Price Performance

Shares of NYSE ALLE traded down $0.51 on Tuesday, hitting $124.37. The company’s stock had a trading volume of 610,237 shares, compared to its average volume of 709,075. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.31 and a quick ratio of 0.87. The stock has a 50 day moving average of $129.14 and a 200-day moving average of $120.90. Allegion plc has a 12-month low of $95.94 and a 12-month high of $136.91. The company has a market capitalization of $10.87 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 4.38 and a beta of 1.14.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The firm had revenue of $893.90 million during the quarter, compared to the consensus estimate of $888.27 million. During the same quarter in the previous year, the company posted $1.58 EPS. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, research analysts predict that Allegion plc will post 7.08 EPS for the current year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.92 annualized dividend and a yield of 1.54%. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

Insiders Place Their Bets

In related news, SVP Robert C. Martens sold 5,391 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total transaction of $716,140.44. Following the transaction, the senior vice president now directly owns 7,555 shares in the company, valued at $1,003,606.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO John H. Stone purchased 10,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $132.41 per share, with a total value of $1,324,100.00. Following the completion of the transaction, the chief executive officer now owns 104,248 shares in the company, valued at $13,803,477.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Martens sold 5,391 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $132.84, for a total value of $716,140.44. Following the completion of the transaction, the senior vice president now owns 7,555 shares in the company, valued at $1,003,606.20. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company’s stock.

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.