Free Trial

Virtu Financial LLC Invests $920,000 in Allegion plc (NYSE:ALLE)

Allegion logo with Industrial Products background

Virtu Financial LLC acquired a new position in shares of Allegion plc (NYSE:ALLE - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,315 shares of the scientific and technical instruments company's stock, valued at approximately $920,000.

Other institutional investors also recently bought and sold shares of the company. McClarren Financial Advisors Inc. raised its position in shares of 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 worth $27,000 after purchasing an additional 72 shares during the last quarter. Brooklyn Investment Group acquired a new position in Allegion in the 3rd quarter valued at about $28,000. Crewe Advisors LLC boosted its stake in shares of Allegion by 160.2% during the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Allegion in the third quarter valued at approximately $29,000. Finally, Cromwell Holdings LLC boosted its position in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after acquiring an additional 92 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Mizuho boosted their price objective 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. Barclays increased their target price on Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research report on Monday, October 28th. Finally, Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $144.60.

Check Out Our Latest Research Report on ALLE

Allegion Stock Down 0.3 %

Shares of NYSE:ALLE traded down $0.42 during midday trading on Friday, hitting $138.83. 484,060 shares of the company's stock traded hands, compared to its average volume of 728,228. The firm's fifty day moving average price is $143.17 and its two-hundred day moving average price is $133.83. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion plc has a twelve month low of $112.26 and a twelve month high of $156.10. The company has a market cap of $12.07 billion, a PE ratio of 21.32, a P/E/G ratio of 3.35 and a beta of 1.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $970.70 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion's dividend payout ratio (DPR) is 29.49%.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares of the company's stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The shares were bought at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares of the company's stock, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by corporate insiders.

Allegion Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

Should you invest $1,000 in Allegion right now?

Before you consider Allegion, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegion wasn't on the list.

While Allegion currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

From Landfills to Profits: Opal Fuels CEO Shares How the Company Turns Trash into Cash
The Real Reason Tesla Stock Is Soaring – and Why Tech Expert Says It Won’t Stop
Best ETFs for 2025: Growth, Stability, and AI-Driven Investing

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines