3,894 Shares in Allegion plc (NYSE:ALLE) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC purchased a new stake in Allegion plc (NYSE:ALLE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,894 shares of the scientific and technical instruments company's stock, valued at approximately $509,000.

A number of other large investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Allegion during the 4th quarter worth $11,601,000. Avantax Advisory Services Inc. grew its stake in shares of Allegion by 9.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,107 shares of the scientific and technical instruments company's stock worth $537,000 after purchasing an additional 365 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of Allegion during the 4th quarter worth $20,913,000. Farther Finance Advisors LLC grew its stake in shares of Allegion by 12.8% during the 4th quarter. Farther Finance Advisors LLC now owns 1,162 shares of the scientific and technical instruments company's stock worth $152,000 after purchasing an additional 132 shares during the period. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Allegion by 78.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 2,459 shares of the scientific and technical instruments company's stock worth $321,000 after purchasing an additional 1,082 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Price Performance

NYSE:ALLE traded up $0.64 during mid-day trading on Tuesday, hitting $128.01. 1,027,824 shares of the company's stock traded hands, compared to its average volume of 713,734. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The firm's 50 day simple moving average is $129.65 and its 200 day simple moving average is $136.73. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a market cap of $11.05 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11.

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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 earnings per share for the quarter, beating the consensus estimate of $1.75 by $0.11. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm had revenue of $945.60 million during the quarter, compared to the consensus estimate of $938.91 million. Sell-side analysts expect that Allegion plc will post 7.77 EPS for the current year.

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Allegion's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.59%. Allegion's payout ratio is 29.91%.

Insider Transactions at Allegion

In other news, SVP David S. Ilardi sold 789 shares of Allegion stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the completion of the sale, the senior vice president now directly owns 9,625 shares in the company, valued at $1,205,820. The trade was a 7.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the sale, the senior vice president now directly owns 10,273 shares in the company, valued at $1,302,000.02. This represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,224 shares of company stock worth $406,636 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target 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. Wells Fargo & Company lowered 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 upped their price target on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Barclays lowered their price target 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. Finally, StockNews.com cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, Allegion currently has an average rating of "Hold" and an average target price of $138.33.

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.