Allegion plc (NYSE:ALLE) Shares Acquired by NS Partners Ltd

NS Partners Ltd lifted its position in Allegion plc (NYSE:ALLE) by 2.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,353 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,691 shares during the period. NS Partners Ltd’s holdings in Allegion were worth $11,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLE. McClarren Financial Advisors Inc. grew its stake in Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in Allegion by 0.5% in the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after buying an additional 79 shares during the last quarter. OneDigital Investment Advisors LLC increased its holdings in Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after buying an additional 82 shares during the period. Thrive Wealth Management LLC raised its position in Allegion by 5.0% during the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 88 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in Allegion by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 92 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 0.4 %

ALLE opened at $138.13 on Wednesday. The company has a market cap of $12.01 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 3.33 and a beta of 1.11. Allegion plc has a twelve month low of $103.19 and a twelve month high of $156.10. The company has a 50-day moving average price of $143.88 and a 200 day moving average price of $131.92. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating 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 business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same quarter last year, the business posted $1.94 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is 29.49%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ALLE. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Robert W. Baird upped their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Mizuho boosted their target price on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $144.60.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the 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 sale, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.

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.