Centiva Capital LP Trims Stake in Allegion plc (NYSE:ALLE)

Centiva Capital LP decreased its position in Allegion plc (NYSE:ALLE - Free Report) by 81.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,162 shares of the scientific and technical instruments company's stock after selling 22,918 shares during the period. Centiva Capital LP's holdings in Allegion were worth $752,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its stake in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $27,000 after buying an additional 72 shares in the last quarter. Brooklyn Investment Group bought a new position in Allegion in the 3rd quarter valued at approximately $28,000. Concord Wealth Partners purchased a new stake in Allegion during the 3rd quarter valued at $29,000. Cromwell Holdings LLC increased 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 in the last quarter. Finally, Crewe Advisors LLC raised its stake in shares of Allegion by 160.2% in the second 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. Institutional investors own 92.21% of the company's stock.

Allegion Stock Performance

Shares of NYSE:ALLE traded up $0.17 during mid-day trading on Friday, reaching $140.49. 760,528 shares of the company traded hands, compared to its average volume of 728,516. The company's 50 day moving average price is $143.59 and its 200-day moving average price is $133.41. The firm has a market cap of $12.21 billion, a PE ratio of 21.58, a PEG ratio of 3.37 and a beta of 1.10. Allegion plc has a 52 week low of $104.25 and a 52 week high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $970.70 million. During the same period in the prior year, the business posted $1.94 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Allegion plc will post 7.41 EPS for the current fiscal 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 paid 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 yield of 1.37%. Allegion's payout ratio is 29.49%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ALLE. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Barclays boosted their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Wells Fargo & Company lifted their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Finally, Mizuho lifted 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company 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 firm's 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 transaction, the senior vice president now directly owns 7,104 shares of the company's stock, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The shares were acquired at an average price 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 of the company's stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.33% of the company's stock.

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.