International Assets Investment Management LLC Sells 455,785 Shares of Allegion plc (NYSE:ALLE)

International Assets Investment Management LLC lessened its stake in shares of Allegion plc (NYSE:ALLE) by 99.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the scientific and technical instruments company’s stock after selling 455,785 shares during the quarter. International Assets Investment Management LLC’s holdings in Allegion were worth $228,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its position in 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 acquiring an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Allegion in the 3rd quarter worth $28,000. Concord Wealth Partners acquired a new stake in shares of Allegion in the 3rd quarter worth $29,000. Cromwell Holdings LLC boosted its position in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Allegion in the 2nd quarter worth $39,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 7,104 shares in the company, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John H. Stone purchased 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the purchase, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Allegion Stock Performance

NYSE ALLE opened at $128.12 on Tuesday. The stock has a 50-day simple moving average of $136.71 and a two-hundred day simple moving average of $136.12. The firm has a market capitalization of $11.14 billion, a P/E ratio of 19.68, a PEG ratio of 3.35 and a beta of 1.11. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. 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 quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, equities analysts forecast that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.48 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.50%. Allegion’s dividend payout ratio is presently 29.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALLE. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Mizuho lifted their price target on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays lowered their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, Morgan Stanley initiated coverage on Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $140.83.

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.