Zeke Capital Advisors LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,579 shares of the scientific and technical instruments company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. New York State Common Retirement Fund increased its position in Allegion by 2.6% in the 3rd quarter. New York State Common Retirement Fund now owns 281,965 shares of the scientific and technical instruments company’s stock worth $24,382,000 after buying an additional 7,100 shares during the period. Toronto Dominion Bank increased its position in Allegion by 11.7% in the 3rd quarter. Toronto Dominion Bank now owns 36,044 shares of the scientific and technical instruments company’s stock worth $3,117,000 after buying an additional 3,767 shares during the period. Advisor Group Inc. grew its holdings in shares of Allegion by 363.0% during the 3rd quarter. Advisor Group Inc. now owns 2,542 shares of the scientific and technical instruments company’s stock worth $220,000 after purchasing an additional 1,993 shares in the last quarter. Comerica Bank acquired a new stake in shares of Allegion during the 3rd quarter worth approximately $1,995,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Allegion by 16.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 180,658 shares of the scientific and technical instruments company’s stock worth $15,622,000 after purchasing an additional 25,903 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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Shares of Allegion stock traded down $0.68 during mid-day trading on Thursday, reaching $85.26. The company had a trading volume of 12,559 shares, compared to its average volume of 751,876. The company has a current ratio of 2.24, a quick ratio of 1.72 and a debt-to-equity ratio of 3.56. The firm has a market cap of $8,150.73, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 1.55 and a beta of 1.09. Allegion PLC has a twelve month low of $73.93 and a twelve month high of $89.81.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Tuesday, February 20th. The scientific and technical instruments company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.94 by $0.17. The business had revenue of $623.00 million for the quarter, compared to analyst estimates of $605.13 million. Allegion had a return on equity of 126.46% and a net margin of 11.35%. Allegion’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. research analysts anticipate that Allegion PLC will post 4.49 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.84 dividend on an annualized basis and a yield of 0.99%. This is a positive change from Allegion’s previous quarterly dividend of $0.16. Allegion’s payout ratio is currently 29.47%.

Several analysts have recently weighed in on the company. Barclays reissued an “overweight” rating and set a $103.00 price objective (up previously from $100.00) on shares of Allegion in a report on Wednesday, February 21st. Zacks Investment Research raised Allegion from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective on the stock in a report on Thursday, February 22nd. Wells Fargo reaffirmed an “outperform” rating and issued a $105.00 price target (up previously from $100.00) on shares of Allegion in a research note on Wednesday, February 21st. Finally, Imperial Capital reaffirmed an “outperform” rating and issued a $94.00 price target (up previously from $85.00) on shares of Allegion in a research note on Wednesday, February 21st. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Allegion has a consensus rating of “Buy” and an average price target of $95.83.

In other Allegion news, insider Timothy P. Eckersley sold 7,970 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $86.40, for a total value of $688,608.00. Following the transaction, the insider now owns 36,855 shares of the company’s stock, valued at $3,184,272. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Tracy L. Kemp sold 14,821 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $86.01, for a total value of $1,274,754.21. Following the completion of the transaction, the vice president now directly owns 18,283 shares in the company, valued at approximately $1,572,520.83. The disclosure for this sale can be found here. In the last three months, insiders sold 57,415 shares of company stock worth $4,924,641. Insiders own 0.64% of the company’s stock.

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About Allegion

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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