Centric Wealth Management Has $2.05 Million Position in Allegion plc (NYSE:ALLE)

Centric Wealth Management trimmed its stake in Allegion plc (NYSE:ALLE - Free Report) by 48.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,649 shares of the scientific and technical instruments company's stock after selling 14,683 shares during the period. Centric Wealth Management's holdings in Allegion were worth $2,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of Allegion by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock worth $1,400,688,000 after purchasing an additional 177,808 shares during the period. Boston Partners grew its holdings in Allegion by 11.6% in the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after buying an additional 488,390 shares during the last quarter. State Street Corp increased its position in Allegion by 1.2% in the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company's stock worth $589,659,000 after buying an additional 49,929 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Allegion by 8.1% during the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock worth $449,033,000 after buying an additional 257,175 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Allegion by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock worth $280,607,000 after buying an additional 41,417 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research firms recently commented on ALLE. Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. StockNews.com downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird lowered their target price on shares of 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 dropped their price target on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, Allegion has an average rating of "Hold" and an average price target of $137.67.

Insider Transactions at Allegion

In other news, Director Gregg C. Sengstack acquired 8,000 shares of Allegion stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Nickolas A. Musial sold 403 shares of the 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 owns 4,972 shares in the company, valued at $620,008.40. The trade was a 7.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,224 shares of company stock worth $406,636. Insiders own 0.33% of the company's stock.

Allegion Price Performance

ALLE stock traded down $3.68 during trading on Friday, hitting $123.53. 2,382,748 shares of the stock traded hands, compared to its average volume of 793,993. The stock has a market cap of $10.66 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 3.97 and a beta of 1.01. Allegion plc has a one year low of $113.27 and a one year high of $156.10. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. The company has a 50 day simple moving average of $129.10 and a 200 day simple moving average of $135.84.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.11. The company 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%. Equities analysts expect that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.04 dividend on an annualized basis and a yield of 1.65%. This is a positive change from Allegion's previous quarterly dividend of $0.48. Allegion's payout ratio is currently 29.91%.

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.