Amalgamated Bank Has $2.50 Million Stake in Allegion plc (NYSE:ALLE)

Amalgamated Bank lessened its holdings in Allegion plc (NYSE:ALLE - Free Report) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,136 shares of the scientific and technical instruments company's stock after selling 4,972 shares during the period. Amalgamated Bank's holdings in Allegion were worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. McClarren Financial Advisors Inc. lifted its stake in Allegion by 61.0% during the third 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 in the last quarter. Crewe Advisors LLC boosted its stake in shares of Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 149 shares during the period. Concord Wealth Partners acquired a new stake in shares of Allegion during the third quarter worth about $29,000. Cromwell Holdings LLC lifted its position in Allegion by 65.2% in the third 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 during the period. Finally, Gradient Investments LLC acquired a new stake in Allegion in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALLE. Barclays raised their price objective 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 boosted their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Robert W. Baird boosted 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. Wells Fargo & Company boosted their price objective on shares of Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Finally, StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Allegion presently has an average rating of "Hold" and a consensus target price of $144.60.

Insiders Place Their Bets

In related 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 directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company's stock.

Allegion Price Performance

ALLE stock traded down $1.29 during trading on Tuesday, hitting $142.14. 196,762 shares of the stock traded hands, compared to its average volume of 719,977. Allegion plc has a one year low of $102.14 and a one year high of $156.10. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 3.41 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The company has a 50 day simple moving average of $143.41 and a 200 day simple moving average of $131.30.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.94 earnings per share. Equities analysts expect that Allegion plc will post 7.45 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, September 20th. Allegion's dividend payout ratio (DPR) is currently 29.49%.

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.