13,564 Shares in Allegion plc (NYSE:ALLE) Bought by Diversified Trust Co

Diversified Trust Co acquired a new stake in Allegion plc (NYSE:ALLE) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 13,564 shares of the scientific and technical instruments company’s stock, valued at approximately $1,773,000.

A number of other large investors also recently bought and sold shares of ALLE. Public Employees Retirement System of Ohio acquired a new position in Allegion during the third quarter worth $4,988,000. Renaissance Technologies LLC acquired a new position in shares of Allegion during the 2nd quarter worth $27,056,000. Andra AP fonden purchased a new position in shares of Allegion in the 2nd quarter valued at about $10,704,000. Qsemble Capital Management LP acquired a new stake in shares of Allegion in the third quarter valued at about $891,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Allegion by 4.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,643 shares of the scientific and technical instruments company’s stock valued at $1,260,000 after purchasing an additional 340 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday. Barclays decreased their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday. Robert W. Baird boosted their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Mizuho increased their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Morgan Stanley initiated coverage on Allegion in a research report on Monday. They issued an “equal weight” rating and a $137.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $140.83.

Allegion Stock Up 0.8 %

ALLE stock opened at $128.43 on Thursday. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The stock has a market capitalization of $11.16 billion, a P/E ratio of 19.73, a PEG ratio of 3.35 and a beta of 1.11. The company has a 50 day moving average price of $137.65 and a two-hundred day moving average price of $135.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same period in the prior year, the firm posted $1.94 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts expect that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date was Tuesday, December 17th. Allegion’s dividend payout ratio is currently 29.49%.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction on Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the transaction, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John H. Stone purchased 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares of the company’s stock, valued at $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 company 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.