Nisa Investment Advisors LLC Has $1.63 Million Stake in Allegion PLC (NYSE:ALLE)

Nisa Investment Advisors LLC Has $1.63 Million Stake in Allegion PLC (NYSE:ALLE)

Nisa Investment Advisors LLC raised its stake in Allegion PLC (NYSE:ALLE) by 40.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,467 shares of the scientific and technical instruments company’s stock after buying an additional 5,926 shares during the period. Nisa Investment Advisors LLC’s holdings in Allegion were worth $1,631,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Park National Corp OH lifted its position in shares of Allegion by 5.3% in the 4th quarter. Park National Corp OH now owns 4,259 shares of the scientific and technical instruments company’s stock worth $339,000 after purchasing an additional 216 shares during the period. Toronto Dominion Bank lifted its position in shares of Allegion by 1.1% in the 3rd quarter. Toronto Dominion Bank now owns 61,742 shares of the scientific and technical instruments company’s stock worth $5,591,000 after purchasing an additional 676 shares during the period. Vigilant Capital Management LLC lifted its position in shares of Allegion by 0.5% in the 4th quarter. Vigilant Capital Management LLC now owns 162,450 shares of the scientific and technical instruments company’s stock worth $12,949,000 after purchasing an additional 795 shares during the period. Piedmont Investment Advisors Inc. lifted its position in shares of Allegion by 13.8% in the 3rd quarter. Piedmont Investment Advisors Inc. now owns 6,646 shares of the scientific and technical instruments company’s stock worth $602,000 after purchasing an additional 808 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of Allegion by 2.2% in the 3rd quarter. Baird Financial Group Inc. now owns 44,878 shares of the scientific and technical instruments company’s stock worth $4,090,000 after purchasing an additional 960 shares during the period. 95.85% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on ALLE. Wells Fargo & Co increased their price target on shares of Allegion from $96.00 to $99.00 and gave the stock an “outperform” rating in a research note on Friday, October 26th. ValuEngine lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Wednesday, December 5th. Finally, Zacks Investment Research lowered shares of Allegion from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $95.50.

NYSE:ALLE opened at $91.39 on Friday. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.44 and a beta of 1.21. The company has a debt-to-equity ratio of 2.37, a current ratio of 1.79 and a quick ratio of 1.22. Allegion PLC has a fifty-two week low of $73.85 and a fifty-two week high of $94.30.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Allegion’s previous quarterly dividend of $0.21. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. Allegion’s payout ratio is currently 21.21%.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers locks, locksets, portable locks, and key systems; door closers and exit devices; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door frames; and other accessories.

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