Assetmark Inc. Boosts Stock Position in Allegion plc (NYSE:ALLE)

Assetmark Inc. increased its position in Allegion plc (NYSE:ALLE - Free Report) by 158.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,593 shares of the scientific and technical instruments company's stock after purchasing an additional 14,481 shares during the quarter. Assetmark Inc.'s holdings in Allegion were worth $3,083,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALLE. Cookson Peirce & Co. Inc. bought a new stake in Allegion during the 4th quarter worth approximately $21,664,000. Crew Capital Management Ltd. grew its stake in Allegion by 224.9% in the fourth quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company's stock valued at $759,000 after purchasing an additional 4,022 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Allegion by 1,330.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock valued at $148,000 after buying an additional 1,051 shares in the last quarter. Norden Group LLC increased its stake in shares of Allegion by 13.4% during the 4th quarter. Norden Group LLC now owns 2,001 shares of the scientific and technical instruments company's stock worth $261,000 after purchasing an additional 237 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Allegion by 33.6% in the fourth 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 during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

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Insider Activity at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 2,032 shares of the company's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total value of $257,535.68. Following the completion of the sale, the senior vice president now directly owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. This represents a 16.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction that occurred on Tuesday, March 4th. The stock was 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 in the company, valued at approximately $1,205,820. This represents a 7.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ALLE. Wells Fargo & Company decreased their price target on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Morgan Stanley increased their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com cut Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird cut their price target on Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, Barclays reduced their price objective on shares of Allegion from $134.00 to $130.00 and set an "underweight" rating on the stock in a research note on Wednesday, February 19th. One 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 company currently has an average rating of "Hold" and an average price target of $138.33.

Allegion Stock Up 0.8 %

Shares of ALLE stock traded up $1.02 on Thursday, reaching $124.96. 1,069,366 shares of the company were exchanged, compared to its average volume of 715,360. The company has a 50-day moving average of $129.82 and a 200-day moving average of $136.96. The company has a market cap of $10.78 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 3.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. Allegion plc has a one year low of $113.27 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) 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 the consensus estimate of $1.75 by $0.11. The firm had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. Analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.63%. This is an increase 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.