Intech Investment Management LLC Has $1.44 Million Position in Allegion plc (NYSE:ALLE)

Intech Investment Management LLC raised its stake in Allegion plc (NYSE:ALLE - Free Report) by 104.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,855 shares of the scientific and technical instruments company's stock after buying an additional 5,042 shares during the period. Intech Investment Management LLC's holdings in Allegion were worth $1,436,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. boosted its holdings in 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 purchasing an additional 72 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in Allegion by 0.5% in the second 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 boosted its holdings in Allegion by 2.9% in the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company's stock worth $425,000 after purchasing an additional 82 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in Allegion by 5.0% in the third quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company's stock worth $269,000 after purchasing an additional 88 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its holdings in Allegion by 3.6% in 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 in the last quarter. Institutional investors own 92.21% of the company's stock.

Allegion Stock Performance

Shares of NYSE ALLE traded down $2.27 during mid-day trading on Tuesday, hitting $140.40. The company had a trading volume of 916,438 shares, compared to its average volume of 727,525. 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 business's 50-day simple moving average is $144.01 and its 200-day simple moving average is $132.49. Allegion plc has a 12 month low of $103.19 and a 12 month high of $156.10. The firm has a market cap of $12.20 billion, a P/E ratio of 21.92, a PEG ratio of 3.37 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 for the quarter, beating the consensus estimate 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 analysts' expectations of $970.70 million. During the same quarter last year, the company earned $1.94 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. As a group, analysts predict that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 20th. Allegion's payout ratio is presently 29.49%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ALLE. Robert W. Baird raised their price target on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Barclays raised their price target on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, Mizuho raised their price target on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Allegion presently has an average rating of "Hold" and a consensus price target of $144.60.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 8,035 shares of Allegion 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 in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate 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.