BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 8,656 Shares of Allegion plc (NYSE:ALLE)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. decreased its holdings in Allegion plc (NYSE:ALLE - Free Report) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,330 shares of the scientific and technical instruments company's stock after selling 8,656 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.10% of Allegion worth $12,582,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. McClarren Financial Advisors Inc. grew 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 worth $27,000 after purchasing an additional 72 shares during the last quarter. Crewe Advisors LLC grew its holdings 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 worth $29,000 after purchasing an additional 149 shares during the last quarter. Concord Wealth Partners bought a new stake in shares of Allegion in the 3rd quarter worth about $29,000. Cromwell Holdings LLC grew its holdings in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Gradient Investments LLC bought a new stake in Allegion during the 2nd quarter worth about $38,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction on Friday, October 25th. The shares were 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 owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is owned by insiders.

Allegion Trading Down 0.0 %

Shares of NYSE:ALLE traded down $0.03 during mid-day trading on Friday, reaching $141.38. The stock had a trading volume of 639,113 shares, compared to its average volume of 877,676. The firm has a market cap of $12.29 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11. The firm has a 50 day simple moving average of $144.02 and a two-hundred day simple moving average of $132.31. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. Allegion plc has a twelve month low of $103.19 and a twelve month high of $156.10.

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

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.36%. Allegion's dividend payout ratio (DPR) is 29.49%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ALLE. Mizuho increased 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. Barclays increased their price objective on shares of Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a report on Monday, October 28th. Wells Fargo & Company increased their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a report on Saturday, July 27th. Finally, Robert W. Baird increased their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Allegion has an average rating of "Hold" and an average target price of $144.60.

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.