Pacer Advisors Inc. Purchases 1,123 Shares of Allegion plc (NYSE:ALLE)

Pacer Advisors Inc. raised its stake in shares of Allegion plc (NYSE:ALLE) by 17.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,737 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,123 shares during the period. Pacer Advisors Inc.’s holdings in Allegion were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. increased its position in shares of Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Brooklyn Investment Group acquired a new position in Allegion during the 3rd quarter valued at about $28,000. Concord Wealth Partners acquired a new position in shares of Allegion in the third quarter valued at about $29,000. Cromwell Holdings LLC increased its holdings in shares of Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 92 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Allegion by 66.2% in the third quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock worth $47,000 after buying an additional 129 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other Allegion news, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The stock was acquired 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 in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALLE shares. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Morgan Stanley started coverage on Allegion in a report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target for the company. Robert W. Baird lifted their target price on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. StockNews.com cut Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays lowered their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $140.83.

Allegion Stock Performance

Shares of ALLE stock opened at $128.76 on Tuesday. 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 business has a 50 day moving average of $134.40 and a two-hundred day moving average of $137.50. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The company has a market cap of $11.19 billion, a P/E ratio of 19.78, a PEG ratio of 3.28 and a beta of 1.11.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. Allegion’s dividend payout ratio is presently 29.49%.

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.