Diversified Trust Co Makes New Investment in Allegion plc (NYSE:ALLE)

Diversified Trust Co purchased a new position in shares of Allegion plc (NYSE:ALLE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,564 shares of the scientific and technical instruments company's stock, valued at approximately $1,773,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. McClarren Financial Advisors Inc. boosted its stake in Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new stake in shares of Allegion in the third quarter valued at $28,000. Concord Wealth Partners bought a new position in Allegion during the third quarter valued at about $29,000. Cromwell Holdings LLC grew its holdings in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after acquiring an additional 92 shares during the period. Finally, Kimelman & Baird LLC bought a new stake in Allegion in the second quarter worth about $39,000. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ALLE shares. Barclays reduced their price objective on shares of Allegion from $137.00 to $134.00 and set an "underweight" rating for the company in a research report on Wednesday. Mizuho raised their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Morgan Stanley began coverage on Allegion in a report on Monday. They issued an "equal weight" rating and a $137.00 price target on the stock. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company decreased their target price on Allegion from $152.00 to $140.00 and set an "equal weight" rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $140.83.

Allegion Trading Up 0.8 %

NYSE ALLE traded up $1.01 on Thursday, hitting $128.43. 1,077,087 shares of the stock were exchanged, compared to its average volume of 760,537. The company's 50-day moving average price is $137.44 and its two-hundred day moving average price is $135.75. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 3.35 and a beta of 1.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. Research analysts predict that Allegion plc will post 7.41 EPS for the current year.

Allegion Announces Dividend

The company 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 of this dividend was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. Allegion's dividend payout ratio is 29.49%.

Insider Activity at Allegion

In other Allegion news, CEO John H. Stone acquired 7,500 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the sale, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.