BNP Paribas Financial Markets Acquires 39,657 Shares of Allegion plc (NYSE:ALLE)

BNP Paribas Financial Markets grew its position in Allegion plc (NYSE:ALLE - Free Report) by 35.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,765 shares of the scientific and technical instruments company's stock after acquiring an additional 39,657 shares during the quarter. BNP Paribas Financial Markets owned 0.17% of Allegion worth $22,118,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Allegion by 2.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 229,901 shares of the scientific and technical instruments company's stock valued at $30,971,000 after buying an additional 4,555 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Allegion during the 1st quarter valued at about $662,000. B. Riley Wealth Advisors Inc. lifted its holdings in Allegion by 44.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,157 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 969 shares during the last quarter. Tidal Investments LLC boosted its position in Allegion by 11.1% in the first quarter. Tidal Investments LLC now owns 6,819 shares of the scientific and technical instruments company's stock valued at $919,000 after buying an additional 681 shares in the last quarter. Finally, Swedbank AB bought a new stake in Allegion during the first quarter worth about $9,570,000. Institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ALLE shares. Wells Fargo & Company boosted their target price on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Barclays raised their price target on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Finally, Mizuho boosted their target price on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $144.60.

Allegion Trading Down 0.4 %

ALLE traded down $0.57 during trading on Friday, reaching $140.84. 363,655 shares of the company's stock were exchanged, compared to its average volume of 726,531. The company's fifty day moving average price is $143.88 and its 200-day moving average price is $132.86. The firm has a market capitalization of $12.24 billion, a PE ratio of 21.63, a P/E/G ratio of 3.37 and a beta of 1.11. Allegion plc has a fifty-two week low of $103.57 and a fifty-two week high of $156.10. 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 earnings per share for the quarter, topping 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 business 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 quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities analysts forecast that Allegion plc will post 7.41 EPS for the current year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, September 20th. Allegion's dividend payout ratio is currently 29.49%.

Insider Activity

In other 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 sale, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is currently owned by company 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.