Crossmark Global Holdings Inc. Has $1.50 Million Holdings in Allegion plc (NYSE:ALLE)

Crossmark Global Holdings Inc. lifted its stake in Allegion plc (NYSE:ALLE - Free Report) by 383.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,460 shares of the scientific and technical instruments company's stock after buying an additional 9,090 shares during the period. Crossmark Global Holdings Inc.'s holdings in Allegion were worth $1,497,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Lord Abbett & CO. LLC increased its holdings in Allegion by 96.8% in the third quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company's stock valued at $244,063,000 after buying an additional 823,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Allegion by 397.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company's stock valued at $88,450,000 after acquiring an additional 484,995 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Allegion during the 3rd quarter valued at approximately $666,840,000. Millennium Management LLC lifted its stake in Allegion by 483.1% during 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, Massachusetts Financial Services Co. MA boosted its holdings in Allegion by 13.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock worth $277,581,000 after purchasing an additional 232,395 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALLE shares. Wells Fargo & Company cut their target price on shares of Allegion from $152.00 to $140.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 7th. Mizuho boosted their price objective on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Morgan Stanley started coverage on Allegion in a research note on Monday, January 6th. They set an "equal weight" rating and a $137.00 price objective for the company. Robert W. Baird raised their target price on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $140.83.

Insider Buying and Selling

In other Allegion news, CEO John H. Stone acquired 7,500 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares of the company's stock, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The acquisition 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 corporate insiders.

Allegion Stock Performance

NYSE:ALLE traded down $0.69 during midday trading on Friday, reaching $132.56. The stock had a trading volume of 603,817 shares, compared to its average volume of 701,394. The stock has a market capitalization of $11.52 billion, a P/E ratio of 20.36, a PEG ratio of 3.26 and a beta of 1.11. 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 plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm's fifty day simple moving average is $135.39 and its 200-day simple moving average is $136.79.

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

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.48 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.45%. Allegion's dividend payout ratio is 29.49%.

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.