LVW Advisors LLC Sells 97 Shares of Allegion plc (NYSE:ALLE)

LVW Advisors LLC cut its stake in shares of Allegion plc (NYSE:ALLE) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,410 shares of the scientific and technical instruments company’s stock after selling 97 shares during the quarter. LVW Advisors LLC’s holdings in Allegion were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Arkadios Wealth Advisors bought a new position in shares of Allegion during the fourth quarter valued at $277,000. Merit Financial Group LLC bought a new position in Allegion during the 4th quarter worth $282,000. Heritage Family Offices LLP lifted its holdings in Allegion by 3.2% during the 4th quarter. Heritage Family Offices LLP now owns 2,645 shares of the scientific and technical instruments company’s stock worth $346,000 after buying an additional 82 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Allegion in the 4th quarter valued at about $531,000. Finally, Park Avenue Securities LLC increased its stake in shares of Allegion by 10.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,847 shares of the scientific and technical instruments company’s stock valued at $503,000 after buying an additional 362 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on Allegion in a report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird raised their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Barclays dropped their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Allegion currently has a consensus rating of “Hold” and an average target price of $140.83.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This represents a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company’s stock.

Allegion Trading Up 0.8 %

Shares of ALLE stock opened at $133.72 on Monday. The business’s fifty day moving average is $135.90 and its 200 day moving average is $136.55. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10. The company has a market capitalization of $11.62 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. On average, equities research analysts anticipate that Allegion plc will post 7.42 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.