Allegion plc (NYSE:ALLE) Shares Acquired by National Bank of Canada FI

National Bank of Canada FI increased its holdings in shares of Allegion plc (NYSE:ALLE - Free Report) by 15.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,311 shares of the scientific and technical instruments company's stock after acquiring an additional 9,231 shares during the quarter. National Bank of Canada FI owned about 0.08% of Allegion worth $9,956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLE. State Street Corp boosted its holdings in Allegion by 1.2% in the 3rd quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company's stock valued at $589,659,000 after purchasing an additional 49,929 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Allegion by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company's stock valued at $442,019,000 after purchasing an additional 91,011 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Allegion by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company's stock valued at $479,577,000 after purchasing an additional 39,905 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock valued at $277,581,000 after purchasing an additional 232,395 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Allegion by 397.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company's stock valued at $88,450,000 after purchasing an additional 484,995 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the 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 sale, the senior vice president now directly owns 7,104 shares of the company's stock, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.33% of the company's stock.

Allegion Stock Down 0.8 %

ALLE traded down $1.19 during trading hours on Thursday, hitting $139.25. 647,173 shares of the company's stock were exchanged, compared to its average volume of 727,878. Allegion plc has a 12-month low of $107.92 and a 12-month high of $156.10. The firm has a 50 day moving average of $143.30 and a 200 day moving average of $133.79. The firm has a market cap of $12.11 billion, a P/E ratio of 21.57, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping 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 firm had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same period in the prior year, the firm earned $1.94 EPS. The firm's revenue for the quarter was up 5.4% on a year-over-year basis. 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 will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion's payout ratio is currently 29.49%.

Analyst Upgrades and Downgrades

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