Rovin Capital UT ADV Trims Stake in Allegion plc (NYSE:ALLE)

Rovin Capital UT ADV lessened its holdings in shares of Allegion plc (NYSE:ALLE) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,119 shares of the scientific and technical instruments company’s stock after selling 1,128 shares during the period. Rovin Capital UT ADV’s holdings in Allegion were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ALLE. Contravisory Investment Management Inc. purchased a new stake in Allegion in the 4th quarter valued at about $531,000. Park Avenue Securities LLC raised its stake in shares of Allegion by 10.4% during 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 acquiring an additional 362 shares in the last quarter. 180 Wealth Advisors LLC raised its stake in shares of Allegion by 20.0% during the fourth quarter. 180 Wealth Advisors LLC now owns 3,696 shares of the scientific and technical instruments company’s stock valued at $483,000 after acquiring an additional 617 shares in the last quarter. Czech National Bank boosted its holdings in shares of Allegion by 6.2% in the fourth quarter. Czech National Bank now owns 18,848 shares of the scientific and technical instruments company’s stock valued at $2,463,000 after purchasing an additional 1,100 shares during the period. Finally, ST Germain D J Co. Inc. grew its stake in Allegion by 33.2% in the fourth quarter. ST Germain D J Co. Inc. now owns 798 shares of the scientific and technical instruments company’s stock worth $104,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other news, CEO John H. Stone bought 7,500 shares of Allegion stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price 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 approximately $16,951,676.70. The trade was a 6.64 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction dated Friday, October 25th. The stock was 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 directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by company insiders.

Allegion Price Performance

NYSE ALLE opened at $131.10 on Thursday. The firm’s fifty day simple moving average is $136.30 and its two-hundred day simple moving average is $136.17. The firm has a market capitalization of $11.40 billion, a P/E ratio of 20.14, a P/E/G ratio of 3.35 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. Allegion plc has a 12-month low of $113.27 and a 12-month high of $156.10.

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

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion’s payout ratio is currently 29.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ALLE. Wells Fargo & Company lowered their target price on Allegion from $152.00 to $140.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. Barclays dropped their price objective on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird upped their target price on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Finally, Mizuho lifted their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $140.83.

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.