Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Allegion plc (NYSE:ALLE)

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,100 shares of the scientific and technical instruments company's stock, valued at approximately $889,000.

Other large investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. raised its holdings in shares of Allegion by 61.0% during the 3rd 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. Greenwich Wealth Management LLC increased its position in Allegion by 0.5% during the 2nd quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company's stock worth $1,761,000 after purchasing an additional 79 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock valued at $425,000 after purchasing an additional 82 shares during the last quarter. Thrive Wealth Management LLC grew its position in Allegion by 5.0% during the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company's stock worth $269,000 after acquiring an additional 88 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of Allegion by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company's stock worth $310,000 after purchasing an additional 92 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Up 0.1 %

Shares of NYSE ALLE traded up $0.09 during trading on Tuesday, hitting $140.49. The stock had a trading volume of 730,608 shares, compared to its average volume of 726,971. 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 fifty day moving average of $143.83 and a two-hundred day moving average of $133.00. Allegion plc has a 12 month low of $104.25 and a 12 month high of $156.10. The company has a market capitalization of $12.21 billion, a PE ratio of 21.56, a PEG ratio of 3.36 and a beta of 1.10.

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, 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 company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. As a group, equities research analysts forecast 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 was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.48 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.37%. Allegion's dividend payout ratio (DPR) is currently 29.49%.

Insider Buying and Selling

In other Allegion 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 owns 7,104 shares of the company's stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ALLE. Wells Fargo & Company boosted 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. Mizuho increased their target price on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Robert W. Baird boosted their price target on shares of Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Barclays lifted 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $144.60.

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.