Orion Portfolio Solutions LLC Has $1.94 Million Position in Allegion plc (NYSE:ALLE)

Orion Portfolio Solutions LLC raised its position in Allegion plc (NYSE:ALLE) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,834 shares of the scientific and technical instruments company’s stock after buying an additional 1,473 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Allegion were worth $1,938,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Allegion during the fourth quarter valued at approximately $108,058,000. Lord Abbett & CO. LLC grew its position in Allegion by 96.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after acquiring an additional 823,874 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Allegion in the fourth quarter worth about $65,175,000. Boston Partners grew its holdings in shares of Allegion by 11.6% during 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 purchasing an additional 488,390 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Allegion by 312.4% in the 4th quarter. Allianz Asset Management GmbH now owns 574,012 shares of the scientific and technical instruments company’s stock valued at $75,012,000 after purchasing an additional 434,820 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Up 0.8 %

ALLE opened at $132.07 on Thursday. The company has a fifty day moving average price of $129.40 and a two-hundred day moving average price of $136.08. 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 $11.40 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 3.97 and a beta of 1.11. 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 (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 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. Analysts predict that Allegion plc will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.51 per share. The ex-dividend date was Friday, March 14th. This is an increase from Allegion’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 1.54%. Allegion’s payout ratio is presently 29.91%.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on Allegion from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 19th. Robert W. Baird lowered their price objective on Allegion from $152.00 to $144.00 and set a “neutral” rating for the company in a research note on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Barclays reduced their price objective on shares of Allegion from $130.00 to $126.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Morgan Stanley lifted their target price on Allegion from $137.00 to $139.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $137.67.

Insider Activity at Allegion

In related news, CAO Nickolas A. Musial sold 403 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $124.70, for a total transaction of $50,254.10. Following the transaction, the chief accounting officer now directly owns 4,972 shares of the company’s stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregg C. Sengstack acquired 8,000 shares of Allegion 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 completion of the transaction, the director now directly owns 8,000 shares in the company, valued at $1,001,920. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have 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.