Beacon Investment Advisory Services Inc. Purchases 125 Shares of Allegion plc (NYSE:ALLE)

Beacon Investment Advisory Services Inc. increased its position in shares of Allegion plc (NYSE:ALLE) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,615 shares of the scientific and technical instruments company’s stock after buying an additional 125 shares during the period. Beacon Investment Advisory Services Inc. owned 0.05% of Allegion worth $6,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. increased its holdings in shares of Allegion by 383.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 11,460 shares of the scientific and technical instruments company’s stock worth $1,497,000 after acquiring an additional 9,090 shares during the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Allegion by 13.7% during the 4th quarter. Diversify Wealth Management LLC now owns 7,743 shares of the scientific and technical instruments company’s stock worth $977,000 after buying an additional 934 shares during the period. Arkadios Wealth Advisors acquired a new position in Allegion in the 4th quarter valued at about $277,000. Merit Financial Group LLC bought a new position in Allegion in the 4th quarter valued at about $282,000. Finally, Heritage Family Offices LLP lifted its position in Allegion by 3.2% during the fourth quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after acquiring an additional 82 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Allegion in a research note on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target on the stock. Barclays cut their price target on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company cut their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com lowered Allegion from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Allegion has an average rating of “Hold” and an average target price of $140.83.

Insiders Place Their Bets

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the sale, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Stone bought 7,500 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was purchased at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $132.08 on Thursday. The company has a market cap of $11.48 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 3.34 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The business has a 50 day moving average price of $135.56 and a 200-day moving average price of $136.82.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the company posted $1.94 earnings per share. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts anticipate that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.45%. Allegion’s dividend payout ratio (DPR) is currently 29.49%.

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.