Allegion plc (NYSE:ALLE) Holdings Lowered by Rovin Capital UT ADV

Rovin Capital UT ADV lessened its stake in shares of Allegion plc (NYSE:ALLE) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,247 shares of the scientific and technical instruments company’s stock after selling 306 shares during the period. Rovin Capital UT ADV’s holdings in Allegion were worth $765,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Allegion in the first quarter worth $911,000. Empowered Funds LLC grew its stake in Allegion by 7.3% during the 1st quarter. Empowered Funds LLC now owns 6,575 shares of the scientific and technical instruments company’s stock valued at $886,000 after acquiring an additional 446 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Allegion by 16.6% in the 1st quarter. SG Americas Securities LLC now owns 11,904 shares of the scientific and technical instruments company’s stock valued at $1,604,000 after purchasing an additional 1,697 shares during the period. Forsta AP Fonden lifted its position in shares of Allegion by 8.6% in the first quarter. Forsta AP Fonden now owns 21,500 shares of the scientific and technical instruments company’s stock worth $2,896,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Allegion during the first quarter worth approximately $5,418,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Robert W. Baird upped 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. Mizuho upped their price target on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company lifted their price objective on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Barclays raised their price target on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $144.60.

Allegion Trading Up 0.7 %

Allegion stock opened at $143.74 on Friday. Allegion plc has a 52 week low of $101.11 and a 52 week high of $156.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The firm has a market capitalization of $12.50 billion, a PE ratio of 22.08, a PEG ratio of 3.31 and a beta of 1.11. The business’s 50-day simple moving average is $143.32 and its 200-day simple moving average is $131.10.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS 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 company 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 posted $1.94 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities research analysts forecast that Allegion plc will post 7.45 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.34%. Allegion’s dividend payout ratio is 29.49%.

Insider Transactions at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.33% of the company’s stock.

Allegion Profile

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.