Arkadios Wealth Advisors Takes Position in Allegion plc (NYSE:ALLE)

Arkadios Wealth Advisors acquired a new stake in Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,119 shares of the scientific and technical instruments company's stock, valued at approximately $277,000.

A number of other large investors have also added to or reduced their stakes in ALLE. McClarren Financial Advisors Inc. increased its position in shares of Allegion by 61.0% during the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 72 shares during the period. Brooklyn Investment Group acquired a new position in shares of Allegion during the 3rd quarter valued at $28,000. Concord Wealth Partners bought a new position in Allegion during the third quarter worth $29,000. Cromwell Holdings LLC increased its stake in 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 in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in shares of Allegion during the second quarter valued at about $39,000. Institutional investors own 92.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on ALLE shares. Robert W. Baird raised their target price on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Mizuho boosted their price objective on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Allegion from $152.00 to $140.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Finally, Morgan Stanley began coverage on shares of Allegion in a research note on Monday, January 6th. 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 and six have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $140.83.

Insiders Place Their Bets

In other news, CEO John H. Stone purchased 7,500 shares of the company's stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares of the company's stock, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.33% of the company's stock.

Allegion Stock Down 0.5 %

NYSE:ALLE traded down $0.69 on Friday, hitting $132.56. The stock had a trading volume of 383,386 shares, compared to its average volume of 685,552. The stock has a market cap of $11.52 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 3.26 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The firm's fifty day simple moving average is $135.39 and its two-hundred day simple moving average is $136.79. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping 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 business had revenue of $967.10 million for the quarter, compared to analysts' expectations of $970.70 million. During the same quarter in the previous year, the firm earned $1.94 earnings per share. The business's revenue was up 5.4% on a year-over-year basis. Analysts predict that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. Allegion's dividend payout ratio (DPR) is presently 29.49%.

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.