Sentry Investment Management LLC grew its stake in shares of Allegion PLC (NYSE:ALLE) by 84.3% during the 4th quarter, Holdings Channel reports. The firm owned 8,322 shares of the scientific and technical instruments company’s stock after buying an additional 3,806 shares during the period. Sentry Investment Management LLC’s holdings in Allegion were worth $662,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. QS Investors LLC increased its position in shares of Allegion by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 16 shares during the last quarter. Whittier Trust Co. increased its position in shares of Allegion by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 600 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in shares of Allegion during the 3rd quarter worth approximately $107,000. Zions Bancorporation increased its position in shares of Allegion by 141.9% during the 3rd quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock worth $137,000 after purchasing an additional 931 shares during the last quarter. Finally, Pineno Levin & Ford Asset Management Inc. acquired a new position in shares of Allegion during the 4th quarter worth approximately $210,000. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Allegion PLC (ALLE) opened at $79.97 on Thursday. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14. The firm has a market capitalization of $7,570.15, a P/E ratio of 21.70, a P/E/G ratio of 1.34 and a beta of 1.10. Allegion PLC has a 1-year low of $70.84 and a 1-year high of $89.81.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.05%. Allegion’s payout ratio is presently 18.18%.

ALLE has been the topic of a number of recent analyst reports. BidaskClub lowered Allegion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research raised Allegion from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $89.75.

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Allegion Profile

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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