Waterloo Capital L.P. Buys 83 Shares of Allegion plc (NYSE:ALLE)

Waterloo Capital L.P. increased its stake in shares of Allegion plc (NYSE:ALLE) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,180 shares of the scientific and technical instruments company’s stock after purchasing an additional 83 shares during the quarter. Waterloo Capital L.P.’s holdings in Allegion were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Millstone Evans Group LLC purchased a new position in Allegion in the fourth quarter worth $28,000. Atala Financial Inc acquired a new stake in shares of Allegion in the 4th quarter worth $35,000. Private Trust Co. NA grew its stake in Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC grew its stake in Allegion by 78.0% during the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company’s stock worth $51,000 after buying an additional 170 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Allegion by 33.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company’s stock valued at $53,000 after buying an additional 101 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a report on Wednesday, February 19th. Barclays lowered their target price on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating for the company in a research note on Wednesday, March 26th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Morgan Stanley raised their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $137.67.

Insider Transactions at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total value of $50,254.10. Following the completion of the transaction, the chief accounting officer now directly owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the sale, the senior vice president now owns 10,273 shares in the company, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,224 shares of company stock worth $406,636 over the last quarter. 0.33% of the stock is currently owned by insiders.

Allegion Stock Performance

ALLE opened at $123.53 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10. The firm has a 50 day moving average of $129.10 and a two-hundred day moving average of $135.78. The firm has a market capitalization of $10.66 billion, a PE ratio of 18.11, a P/E/G ratio of 3.97 and a beta of 1.01.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million for 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, analysts anticipate that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. Allegion’s payout ratio is 29.91%.

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.