Allegion plc (NYSE:ALLE) Stake Boosted by Barclays PLC

Barclays PLC lifted its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 28.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,793 shares of the scientific and technical instruments company's stock after purchasing an additional 58,268 shares during the period. Barclays PLC owned about 0.30% of Allegion worth $37,861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. boosted its stake in Allegion by 13.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 11,635 shares of the scientific and technical instruments company's stock worth $1,375,000 after purchasing an additional 1,365 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Allegion by 5.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 4,807 shares of the scientific and technical instruments company's stock worth $568,000 after acquiring an additional 265 shares during the last quarter. Blue Trust Inc. boosted its holdings in Allegion by 54.0% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company's stock valued at $41,000 after acquiring an additional 121 shares during the period. Gradient Investments LLC acquired a new stake in shares of Allegion in the second quarter valued at $38,000. Finally, Everpar Advisors LLC raised its holdings in Allegion by 4.3% in the second quarter. Everpar Advisors LLC now owns 2,813 shares of the scientific and technical instruments company's stock valued at $332,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ALLE shares. Robert W. Baird upped their price objective on Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Barclays lifted their target price on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Mizuho upped their price objective on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $144.60.

Allegion Trading Down 0.3 %

NYSE ALLE traded down $0.42 during trading hours on Friday, hitting $138.83. 484,060 shares of the company's stock were exchanged, compared to its average volume of 728,228. Allegion plc has a 12-month low of $112.26 and a 12-month high of $156.10. The business's 50 day moving average is $143.03 and its 200-day moving average is $134.04. The firm has a market capitalization of $12.07 billion, a P/E ratio of 21.33, a price-to-earnings-growth 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 (NYSE:ALLE - Get Free Report) last released 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 the consensus estimate of $970.70 million. During the same period last year, the business posted $1.94 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.48 dividend. 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%.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction on 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 completion of the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John H. Stone bought 7,500 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the transaction, the chief executive officer now directly owns 120,481 shares in the company, 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 currently owned by insiders.

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.