Envestnet Asset Management Inc. Has $52.38 Million Stock Position in Allegion plc (NYSE:ALLE)

Envestnet Asset Management Inc. increased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 400,859 shares of the scientific and technical instruments company's stock after purchasing an additional 29,888 shares during the period. Envestnet Asset Management Inc. owned 0.46% of Allegion worth $52,384,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in shares of Allegion during the 4th quarter worth about $28,000. Atala Financial Inc acquired a new stake in Allegion during the 4th quarter worth approximately $35,000. Private Trust Co. NA boosted its stake in Allegion by 56.1% in the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares during the period. Tortoise Investment Management LLC grew its holdings in Allegion by 78.0% in the 4th quarter. Tortoise Investment Management LLC now owns 388 shares of the scientific and technical instruments company's stock valued at $51,000 after buying an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Allegion by 33.6% in 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 and hedge funds own 92.21% of the company's stock.

Allegion Price Performance

Shares of Allegion stock traded up $1.09 during trading on Monday, reaching $126.24. 758,018 shares of the company's stock were exchanged, compared to its average volume of 812,498. The firm's 50-day moving average price is $127.72 and its 200 day moving average price is $134.80. The company has a market cap of $10.89 billion, a P/E ratio of 18.51, a PEG ratio of 3.97 and a beta of 1.01. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10.

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Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. The firm had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. As a group, research analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.62%. Allegion's payout ratio is presently 29.91%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays lowered their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating on the stock in a report on Wednesday, March 26th. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Wells Fargo & Company cut their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $137.67.

Insider Transactions at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. The trade was a 7.50 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David S. Ilardi sold 789 shares of the firm's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the transaction, the senior vice president now directly owns 9,625 shares of the company's stock, valued at $1,205,820. The trade was a 7.58 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,224 shares of company stock worth $406,636. Corporate insiders own 0.33% of the company's stock.

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.