Allegion plc (NYSE:ALLE) Shares Bought by Mirabella Financial Services LLP

Mirabella Financial Services LLP boosted its stake in Allegion plc (NYSE:ALLE - Free Report) by 1,209.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,308 shares of the scientific and technical instruments company's stock after acquiring an additional 47,391 shares during the period. Mirabella Financial Services LLP owned 0.06% of Allegion worth $7,478,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ALLE. McClarren Financial Advisors Inc. boosted its holdings in shares of 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 buying an additional 72 shares during the last quarter. Crewe Advisors LLC increased its stake in Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 149 shares during the period. Concord Wealth Partners purchased a new position in Allegion during the 3rd quarter valued at about $29,000. Cromwell Holdings LLC boosted its stake 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 purchasing an additional 92 shares in the last quarter. Finally, Gradient Investments LLC bought a new position in Allegion in the second quarter worth $38,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was 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 directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company's stock.

Allegion Stock Performance

Shares of ALLE stock traded up $1.29 during trading hours on Monday, hitting $142.67. The company's stock had a trading volume of 1,658,838 shares, compared to its average volume of 726,696. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The company has a 50 day moving average of $144.02 and a 200 day moving average of $132.37. Allegion plc has a 12-month low of $103.19 and a 12-month high of $156.10. The stock has a market cap of $12.40 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 3.37 and a beta of 1.11.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $970.70 million. During the same quarter last year, the company earned $1.94 EPS. The business's revenue was up 5.4% on a year-over-year basis. On average, sell-side 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. Shareholders of record on Friday, September 20th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.35%. Allegion's dividend payout ratio (DPR) is currently 29.49%.

Analyst Ratings Changes

ALLE has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Mizuho lifted 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. Barclays increased their price target on Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. Finally, Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. One 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. According to data from MarketBeat.com, Allegion has a consensus rating of "Hold" and a consensus target price of $144.60.

About Allegion

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.