JPMorgan Chase & Co. Has $116.81 Million Stock Holdings in Allegion plc (NYSE:ALLE)

JPMorgan Chase & Co. lifted its holdings in Allegion plc (NYSE:ALLE - Free Report) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 801,520 shares of the scientific and technical instruments company's stock after buying an additional 192,609 shares during the period. JPMorgan Chase & Co. owned about 0.92% of Allegion worth $116,814,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ALLE. McClarren Financial Advisors Inc. grew 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 valued at $27,000 after acquiring an additional 72 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Allegion during the 3rd quarter worth about $28,000. Concord Wealth Partners acquired a new stake in shares of Allegion during the 3rd quarter valued at about $29,000. Cromwell Holdings LLC grew its stake in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock valued at $34,000 after buying an additional 92 shares in the last quarter. Finally, Kimelman & Baird LLC acquired a new position in Allegion in the second quarter worth approximately $39,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

ALLE has been the topic of several analyst reports. Robert W. Baird increased their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Mizuho boosted their price target on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Barclays increased their price objective on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $144.60.

Allegion Price Performance

Shares of ALLE stock traded down $2.09 during trading hours on Thursday, hitting $128.59. The company had a trading volume of 523,379 shares, compared to its average volume of 727,992. Allegion plc has a 12 month low of $113.27 and a 12 month high of $156.10. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The firm's fifty day moving average is $138.41 and its 200 day moving average is $135.26. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 3.35 and a beta of 1.10.

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

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend was Tuesday, December 17th. Allegion's dividend payout ratio (DPR) is presently 29.49%.

Insider Transactions at Allegion

In related news, CEO John H. Stone purchased 7,500 shares of Allegion stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price 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. This represents a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert C. Martens sold 8,035 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the sale, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

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.