Allegion plc (NYSE:ALLE) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC lifted its position in Allegion plc (NYSE:ALLE - Free Report) by 25.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,417 shares of the scientific and technical instruments company's stock after acquiring an additional 7,192 shares during the period. MML Investors Services LLC's holdings in Allegion were worth $5,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. lifted its holdings in shares of Allegion by 61.0% in 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 buying an additional 72 shares during the period. Brooklyn Investment Group purchased a new stake in Allegion in the 3rd quarter worth approximately $28,000. Concord Wealth Partners purchased a new stake in Allegion in the 3rd quarter worth approximately $29,000. Cromwell Holdings LLC increased its holdings in shares of Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock valued at $34,000 after purchasing an additional 92 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in shares of Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock valued at $29,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Price Performance

Shares of NYSE:ALLE traded down $0.43 during trading on Friday, reaching $138.82. The stock had a trading volume of 484,056 shares, compared to its average volume of 728,228. 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 1-year low of $112.26 and a 1-year high of $156.10. The stock has a market cap of $12.07 billion, a PE ratio of 21.33, a PEG ratio of 3.35 and a beta of 1.10. The business has a fifty day moving average price of $143.17 and a 200-day moving average price of $133.83.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. During the same period in the prior year, the business earned $1.94 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, December 17th. Allegion's dividend payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ALLE shares. Mizuho raised their price target on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Wells Fargo & Company upped their price target on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Barclays increased their target price on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. One 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $144.60.

Insider Buying and Selling

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

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.