Natixis Advisors LLC Acquires 6,959 Shares of Allegion plc (NYSE:ALLE)

Natixis Advisors LLC boosted its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,533 shares of the scientific and technical instruments company's stock after acquiring an additional 6,959 shares during the period. Natixis Advisors LLC owned about 0.13% of Allegion worth $16,109,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. lifted its position 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 worth $27,000 after buying an additional 72 shares during the last quarter. Concord Wealth Partners acquired a new position in Allegion in the 3rd quarter valued at $29,000. Cromwell Holdings LLC grew 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 worth $34,000 after purchasing an additional 92 shares during the period. Crewe Advisors LLC grew its stake in shares of Allegion by 160.2% during 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. Finally, Covestor Ltd grew its stake in shares of Allegion by 255.7% during the 1st quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction dated Friday, October 25th. The stock was 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. The trade was a 53.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company's stock.

Allegion Price Performance

NYSE:ALLE traded up $0.26 during mid-day trading on Wednesday, reaching $138.38. 205,920 shares of the stock were exchanged, compared to its average volume of 720,764. The business has a fifty day moving average price of $143.92 and a 200 day moving average price of $132.03. The firm has a market capitalization of $12.03 billion, a PE ratio of 21.22, a PEG ratio of 3.33 and a beta of 1.11. Allegion plc has a 1-year low of $103.19 and a 1-year high of $156.10. 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 released its 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 firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.94 earnings per share. Research analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.48 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.39%. Allegion's dividend payout ratio is currently 29.49%.

Analysts Set New Price Targets

A number of brokerages recently commented on ALLE. Barclays increased their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research note on Monday, October 28th. Wells Fargo & Company upped their target price on shares of Allegion from $137.00 to $152.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Mizuho increased 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. StockNews.com upgraded shares of Allegion from a "hold" rating to a "buy" rating in a report on Saturday, July 27th. Finally, Robert W. Baird increased 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Allegion has an average rating of "Hold" and a consensus price target 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.