Cerity Partners LLC Buys 5,373 Shares of Allegion plc (NYSE:ALLE)

Cerity Partners LLC lifted its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,903 shares of the scientific and technical instruments company's stock after purchasing an additional 5,373 shares during the period. Cerity Partners LLC's holdings in Allegion were worth $2,755,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Allegion by 2.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company's stock worth $442,019,000 after purchasing an additional 91,011 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Allegion by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company's stock valued at $479,577,000 after acquiring an additional 39,905 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock valued at $277,581,000 after acquiring an additional 232,395 shares during the last quarter. Millennium Management LLC grew its stake in shares of Allegion by 483.1% in the second quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company's stock worth $60,914,000 after purchasing an additional 427,146 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in Allegion by 2.9% during the 3rd quarter. Raymond James & Associates now owns 460,290 shares of the scientific and technical instruments company's stock valued at $67,083,000 after purchasing an additional 13,095 shares during the period. Hedge funds and other institutional investors 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 business's stock in a transaction that occurred 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 in the company, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Allegion Stock Down 0.4 %

NYSE ALLE traded down $0.57 during trading hours on Friday, reaching $140.84. 363,655 shares of the company's stock traded hands, compared to its average volume of 776,303. Allegion plc has a 52-week low of $103.57 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. The firm has a 50-day simple moving average of $143.88 and a 200 day simple moving average of $132.86. The firm has a market cap of $12.24 billion, a PE ratio of 21.63, a PEG ratio of 3.36 and a beta of 1.11.

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

Allegion Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Barclays lifted 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. Robert W. Baird upped 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. Finally, Wells Fargo & Company boosted their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $144.60.

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.