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

New Age Alpha Advisors LLC bought a new stake in Allegion plc (NYSE:ALLE) in the fourth quarter, according to its most recent disclosure 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 institutional investors have also added to or reduced their stakes in ALLE. Triodos Investment Management BV raised its holdings in Allegion by 12.7% during the fourth quarter. Triodos Investment Management BV now owns 178,000 shares of the scientific and technical instruments company’s stock worth $23,261,000 after buying an additional 20,000 shares during the last quarter. Norges Bank bought a new stake in shares of Allegion during the fourth quarter worth about $108,058,000. NEOS Investment Management LLC raised its holdings in shares of Allegion by 21.9% in the 4th quarter. NEOS Investment Management LLC now owns 28,014 shares of the scientific and technical instruments company’s stock worth $3,661,000 after acquiring an additional 5,030 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Allegion by 20.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 146,087 shares of the scientific and technical instruments company’s stock valued at $19,018,000 after acquiring an additional 24,478 shares in the last quarter. Finally, Korea Investment CORP increased its holdings in Allegion by 152.3% during the 4th quarter. Korea Investment CORP now owns 90,890 shares of the scientific and technical instruments company’s stock worth $11,878,000 after purchasing an additional 54,864 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 1.8 %

ALLE opened at $130.58 on Tuesday. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The company’s 50-day moving average price is $129.48 and its two-hundred day moving average price is $136.19. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 3.97 and a beta of 1.11. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32.

Allegion (NYSE:ALLE) last announced its quarterly earnings data 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 business had revenue of $945.60 million for the quarter, compared to analysts’ expectations of $938.91 million. Allegion had a return on equity of 45.12% and a net margin of 15.84%. As a group, equities analysts expect 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 was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.51 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. Allegion’s payout ratio is 29.91%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley raised their target price on Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a report on Wednesday, February 19th. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Barclays cut their price target on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a report on Wednesday, March 26th. Finally, Robert W. Baird decreased their price objective on shares of Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. One 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, the stock presently has a consensus rating of “Hold” and an average target price of $137.67.

Insider Activity at Allegion

In other news, Director Gregg C. Sengstack purchased 8,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average cost of $125.24 per share, with a total value of $1,001,920.00. Following the acquisition, the director now directly owns 8,000 shares in the company, valued at approximately $1,001,920. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total value of $257,535.68. Following the transaction, the senior vice president now owns 10,273 shares of the company’s stock, valued at approximately $1,302,000.02. The trade was a 16.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is owned by company insiders.

About Allegion

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.