Fmr LLC Purchases 202,957 Shares of Allegion plc (NYSE:ALLE)

FMR LLC increased its position in Allegion plc (NYSE:ALLE - Free Report) by 231.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 290,466 shares of the scientific and technical instruments company's stock after acquiring an additional 202,957 shares during the quarter. FMR LLC owned about 0.33% of Allegion worth $42,333,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Allegion by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company's stock valued at $442,019,000 after buying an additional 91,011 shares in the last quarter. Van ECK Associates Corp grew its holdings in Allegion by 1.3% during the 3rd 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 buying an additional 39,905 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Allegion by 13.9% during the 3rd 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 buying an additional 232,395 shares in the last quarter. Millennium Management LLC grew its holdings in Allegion by 483.1% during the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company's stock valued at $60,914,000 after buying an additional 427,146 shares in the last quarter. Finally, Raymond James & Associates grew 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 buying an additional 13,095 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Trading Up 0.1 %

ALLE traded up $0.17 during trading on Friday, reaching $140.49. The company had a trading volume of 760,528 shares, compared to its average volume of 728,516. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The business has a 50 day simple moving average of $143.59 and a 200-day simple moving average of $133.41. The stock has a market cap of $12.21 billion, a P/E 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.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. The company 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%. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.94 earnings per share. On average, equities analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, December 17th. Allegion's payout ratio is 29.49%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALLE. Robert W. Baird increased their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Mizuho increased their target price on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Barclays increased their target price on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. One equities research 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 presently has an average rating of "Hold" and an average price target of $144.60.

Insider Activity

In other news, CEO John H. Stone acquired 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased 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 $16,951,676.70. The trade was a 6.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction dated 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 sale, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Allegion Company 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.