Wealthcare Advisory Partners LLC Purchases New Holdings in Allegion PLC (NYSE:ALLE)

Wealthcare Advisory Partners LLC purchased a new position in shares of Allegion PLC (NYSE:ALLE) in the first quarter, HoldingsChannel.com reports. The fund purchased 291 shares of the scientific and technical instruments company’s stock, valued at approximately $26,000.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc boosted its position in Allegion by 1.7% in the third quarter. Vanguard Group Inc now owns 9,963,751 shares of the scientific and technical instruments company’s stock worth $902,417,000 after purchasing an additional 164,422 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Allegion by 7.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,212 shares of the scientific and technical instruments company’s stock valued at $1,213,000 after buying an additional 1,112 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of Allegion by 9.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,553 shares of the scientific and technical instruments company’s stock valued at $363,000 after buying an additional 400 shares during the period. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Allegion in the fourth quarter valued at $228,000. Finally, Stevens Capital Management LP bought a new stake in shares of Allegion in the fourth quarter valued at $5,782,000. 93.56% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:ALLE traded down $0.88 during midday trading on Friday, reaching $104.43. 5,875 shares of the company traded hands, compared to its average volume of 836,732. The company has a debt-to-equity ratio of 2.20, a quick ratio of 1.14 and a current ratio of 1.75. Allegion PLC has a 12 month low of $74.83 and a 12 month high of $105.99. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.96 and a beta of 1.14.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. Allegion had a return on equity of 72.88% and a net margin of 15.97%. The company had revenue of $655.00 million for the quarter, compared to analyst estimates of $654.66 million. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts predict that Allegion PLC will post 4.85 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. Allegion’s payout ratio is 24.00%.

In related news, SVP Jeffrey N. Braun sold 6,218 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $104.44, for a total transaction of $649,407.92. Following the sale, the senior vice president now directly owns 13,394 shares in the company, valued at approximately $1,398,869.36. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Jeffrey M. Wood sold 5,357 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $99.17, for a total value of $531,253.69. Following the sale, the senior vice president now owns 6,642 shares in the company, valued at $658,687.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,611 shares of company stock worth $1,498,349. 0.77% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on ALLE. Imperial Capital restated an “in-line” rating and issued a $102.00 target price (up from $96.00) on shares of Allegion in a research note on Monday, April 29th. Morgan Stanley set a $100.00 target price on Allegion and gave the company a “hold” rating in a research note on Friday, April 26th. Bank of America boosted their target price on Allegion from $114.00 to $116.00 and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research upgraded Allegion from a “sell” rating to a “hold” rating in a research note on Tuesday, February 19th. Finally, Goldman Sachs Group lowered Allegion from a “buy” rating to a “neutral” rating and lowered their target price for the company from $98.00 to $92.00 in a research note on Wednesday, February 20th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $99.71.

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About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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