Los Angeles Capital Management LLC Raises Stake in Allegion plc (NYSE:ALLE)

Los Angeles Capital Management LLC boosted its position in Allegion plc (NYSE:ALLE - Free Report) by 55.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,917 shares of the scientific and technical instruments company's stock after purchasing an additional 74,577 shares during the quarter. Los Angeles Capital Management LLC owned about 0.24% of Allegion worth $30,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. McClarren Financial Advisors Inc. lifted its stake in Allegion by 61.0% in the 3rd 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 raised its position in shares of 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 valued at $1,761,000 after buying an additional 79 shares in the last quarter. Thrive Wealth Management LLC raised its position in shares of 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 valued at $269,000 after buying an additional 88 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Allegion by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company's stock valued at $310,000 after buying an additional 92 shares in the last quarter. Finally, Cromwell Holdings LLC raised its position in shares of Allegion by 65.2% during 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. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 7,104 shares of the company's stock, valued at $1,029,511.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.33% of the company's stock.

Allegion Trading Down 0.2 %

Shares of ALLE stock traded down $0.35 on Monday, hitting $143.43. 558,359 shares of the company's stock traded hands, compared to its average volume of 986,427. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion plc has a one year low of $102.14 and a one year high of $156.10. The company's fifty day simple moving average is $143.32 and its 200 day simple moving average is $131.16. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 22.03, a P/E/G ratio of 3.41 and a beta of 1.11.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for 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 was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.94 EPS. Equities analysts forecast that Allegion plc will post 7.45 EPS for the current year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, September 20th. Allegion's dividend payout ratio (DPR) is presently 29.49%.

Analyst Ratings Changes

Several analysts have recently weighed in on ALLE shares. Mizuho raised their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Robert W. Baird raised their price objective on shares of 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 objective on shares of 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 objective on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of Allegion from a "hold" rating to a "buy" rating in a report on Saturday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, Allegion presently has an average rating of "Hold" and an average 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.