Belpointe Asset Management LLC Invests $49,000 in Allegion plc (NYSE:ALLE)

Belpointe Asset Management LLC purchased a new position in shares of Allegion plc (NYSE:ALLE – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 464 shares of the scientific and technical instruments company’s stock, valued at approximately $49,000.

A number of other large investors have also bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC bought a new position in shares of Allegion in the fourth quarter worth approximately $26,000. Quadrant Capital Group LLC grew its holdings in Allegion by 29.1% in the 3rd quarter. Quadrant Capital Group LLC now owns 453 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 102 shares during the last quarter. Bessemer Group Inc. grew its holdings in Allegion by 194.2% in the 3rd quarter. Bessemer Group Inc. now owns 556 shares of the scientific and technical instruments company’s stock worth $50,000 after acquiring an additional 367 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Allegion by 25.1% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 474 shares of the scientific and technical instruments company’s stock valued at $50,000 after acquiring an additional 95 shares during the period. Finally, New England Capital Financial Advisors LLC bought a new position in shares of Allegion during the fourth quarter valued at about $57,000. 92.78% of the stock is owned by hedge funds and other institutional investors.

Allegion Trading Down 1.7 %

NYSE:ALLE opened at $107.86 on Wednesday. The firm has a market capitalization of $9.49 billion, a P/E ratio of 19.50, a PEG ratio of 2.72 and a beta of 1.09. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.87 and a quick ratio of 1.17. Allegion plc has a one year low of $87.33 and a one year high of $123.46. The company’s 50-day simple moving average is $105.44 and its 200 day simple moving average is $109.80.

Allegion (NYSE:ALLE – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.23. Allegion had a return on equity of 61.34% and a net margin of 14.07%. The firm had revenue of $923.00 million for the quarter, compared to analysts’ expectations of $846.29 million. During the same period in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. As a group, analysts forecast that Allegion plc will post 6.62 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.67%. Allegion’s payout ratio is presently 32.55%.

Insider Transactions at Allegion

In related news, SVP Jeffrey N. Braun sold 2,278 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $110.34, for a total transaction of $251,354.52. Following the sale, the senior vice president now directly owns 11,336 shares of the company’s stock, valued at approximately $1,250,814.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on Allegion from $130.00 to $126.00 in a research note on Thursday, April 27th. StockNews.com started coverage on shares of Allegion in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Morgan Stanley boosted their price objective on shares of Allegion from $108.00 to $119.00 and gave the company an “equal weight” rating in a research report on Thursday, February 23rd. Barclays cut their target price on shares of Allegion from $129.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, April 6th. Finally, The Goldman Sachs Group decreased their price target on shares of Allegion from $138.00 to $119.00 and set a “buy” rating for the company in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $120.22.

About Allegion

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Allegion Plc engages in the provision of security products and solutions that keep people safe, secure, and productive. It operates through the Allegion Americas and Allegion International segments. Its brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company was founded on May 9, 2013 and is headquartered in Dublin, Ireland.