New Age Alpha Advisors LLC Invests $1.08 Million in Allegion plc (NYSE:ALLE)

New Age Alpha Advisors LLC bought a new position in Allegion plc (NYSE:ALLE - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,223 shares of the scientific and technical instruments company's stock, valued at approximately $1,075,000.

A number of other large investors have also bought and sold shares of ALLE. Millstone Evans Group LLC acquired a new position in shares of Allegion during the fourth quarter worth approximately $28,000. Atala Financial Inc acquired a new position in Allegion during the 4th quarter worth $35,000. Private Trust Co. NA boosted its position 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 buying an additional 115 shares during the last quarter. Tortoise Investment Management LLC increased its stake in shares of 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 during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Allegion by 33.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after acquiring an additional 101 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company lowered their price objective 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. Barclays lowered 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. StockNews.com cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Robert W. Baird dropped their target price on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating for the company in a research report on Wednesday, February 19th. Finally, Morgan Stanley raised their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $137.67.

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Allegion Trading Down 2.9 %

Shares of ALLE stock traded down $3.68 on Friday, hitting $123.53. The stock had a trading volume of 2,382,748 shares, compared to its average volume of 793,993. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The company has a fifty day moving average price of $129.10 and a two-hundred day moving average price of $135.84. The firm has a market cap of $10.66 billion, a P/E ratio of 18.11, a PEG ratio of 3.97 and a beta of 1.01.

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. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The firm had revenue of $945.60 million during the quarter, compared to analysts' expectations of $938.91 million. As a group, analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

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

Insider Activity at Allegion

In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total transaction of $50,254.10. Following the completion of the sale, the chief accounting officer now owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction 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 transaction, the senior vice president now directly owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. This trade represents a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,224 shares of company stock valued at $406,636. 0.33% of the stock is owned by corporate insiders.

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.