Robeco Institutional Asset Management B.V. Acquires 12,226 Shares of Allegion plc (NYSE:ALLE)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 83.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,952 shares of the scientific and technical instruments company's stock after buying an additional 12,226 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Allegion were worth $3,928,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new position in shares of Allegion during the third quarter worth approximately $666,840,000. Millennium Management LLC boosted its position in shares of Allegion by 483.1% during the second quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company's stock valued at $60,914,000 after buying an additional 427,146 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Allegion in the 2nd quarter worth $27,056,000. AXA S.A. grew its position in Allegion by 83.6% in the 2nd quarter. AXA S.A. now owns 331,605 shares of the scientific and technical instruments company's stock worth $39,179,000 after purchasing an additional 151,013 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Allegion by 7.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,672,237 shares of the scientific and technical instruments company's stock valued at $197,575,000 after buying an additional 120,870 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on shares of 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 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. Barclays lifted their price objective on shares of Allegion from $135.00 to $137.00 and gave the company 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 report on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Allegion has a consensus rating of "Hold" and an average price target of $144.60.

Insider Activity

In other news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction on 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 completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.33% of the company's stock.

Allegion Price Performance

Shares of ALLE stock traded up $1.07 during trading on Friday, hitting $143.78. The company had a trading volume of 650,945 shares, compared to its average volume of 723,057. Allegion plc has a 52 week low of $101.11 and a 52 week high of $156.10. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 3.31 and a beta of 1.11. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The stock's 50-day moving average is $143.32 and its two-hundred day moving average is $131.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.94 EPS. As a group, analysts predict that Allegion plc will post 7.45 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued 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 (DPR) is presently 29.49%.

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.