Geode Capital Management LLC Buys 8,023 Shares of Allegion plc (NYSE:ALLE)

Geode Capital Management LLC lifted its position in Allegion plc (NYSE:ALLE - Free Report) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,111,414 shares of the scientific and technical instruments company's stock after acquiring an additional 8,023 shares during the quarter. Geode Capital Management LLC owned approximately 2.43% of Allegion worth $306,699,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Public Employees Retirement System of Ohio purchased a new position in Allegion during the 3rd quarter valued at about $4,988,000. Renaissance Technologies LLC acquired a new position in Allegion in the 2nd quarter valued at approximately $27,056,000. Raymond James & Associates lifted its position in Allegion by 1.8% in the 2nd quarter. Raymond James & Associates now owns 447,195 shares of the scientific and technical instruments company's stock worth $52,836,000 after buying an additional 7,780 shares in the last quarter. Andra AP fonden acquired a new stake in shares of Allegion during the 2nd quarter valued at $10,704,000. Finally, Great Lakes Advisors LLC grew its holdings in shares of Allegion by 183.0% during the 2nd quarter. Great Lakes Advisors LLC now owns 115,294 shares of the scientific and technical instruments company's stock valued at $13,622,000 after acquiring an additional 74,559 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Performance

Shares of NYSE:ALLE traded down $0.42 on Friday, hitting $138.83. 484,060 shares of the company were exchanged, compared to its average volume of 728,228. The company's 50 day moving average price is $143.03 and its two-hundred day moving average price is $134.14. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 3.35 and a beta of 1.10. 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 one year low of $112.26 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping 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 company had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same quarter last year, the firm earned $1.94 EPS. Allegion's revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages recently commented on ALLE. Wells Fargo & Company boosted their price target on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Barclays increased their price target on shares of Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Mizuho lifted 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. Finally, Robert W. Baird increased their target price on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $144.60.

Insider Activity at Allegion

In other news, CEO John H. Stone acquired 7,500 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by 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.