Stifel Financial Corp Has $19.34 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Stifel Financial Corp increased its position in shares of Allegion plc (NYSE:ALLE) by 1.9% in the third quarter, HoldingsChannel reports. The firm owned 132,693 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,486 shares during the period. Stifel Financial Corp’s holdings in Allegion were worth $19,339,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Allegion by 397.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock worth $88,450,000 after buying an additional 484,995 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Allegion in the third quarter valued at approximately $666,840,000. Millennium Management LLC boosted its holdings in shares of Allegion by 483.1% in the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock worth $60,914,000 after acquiring an additional 427,146 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after purchasing an additional 232,395 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Allegion during the 2nd quarter worth about $27,056,000. 92.21% of the stock is owned by institutional investors.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the sale, the senior vice president now owns 7,104 shares of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the transaction, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.33% of the company’s stock.

Allegion Stock Up 0.7 %

NYSE:ALLE opened at $141.43 on Tuesday. The stock’s fifty day simple moving average is $143.50 and its 200-day simple moving average is $133.62. The firm has a market capitalization of $12.29 billion, a P/E ratio of 21.73, a P/E/G ratio of 3.35 and a beta of 1.10. 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 plc has a 12-month low of $107.92 and a 12-month high of $156.10.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million for the quarter, compared to analysts’ expectations of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.94 earnings per share. Equities research analysts expect that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.92 annualized dividend and a yield of 1.36%. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ALLE shares. Robert W. Baird raised their price target on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Barclays upped their price target on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lifted their price objective on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. One 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.com, Allegion has an average rating of “Hold” and an average price target of $144.60.

Allegion Company 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.