International Assets Investment Management LLC Buys Shares of 457,555 Allegion plc (NYSE:ALLE)

International Assets Investment Management LLC bought a new position in Allegion plc (NYSE:ALLE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 457,555 shares of the scientific and technical instruments company's stock, valued at approximately $666,840,000. International Assets Investment Management LLC owned 0.52% of Allegion as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Allegion by 88.5% in the 3rd quarter. Signaturefd LLC now owns 1,423 shares of the scientific and technical instruments company's stock worth $207,000 after acquiring an additional 668 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Allegion in the 3rd quarter worth about $201,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Allegion by 55.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 726 shares of the scientific and technical instruments company's stock worth $106,000 after purchasing an additional 258 shares during the last quarter. Northwest Investment Counselors LLC lifted its stake in Allegion by 3.0% in the third quarter. Northwest Investment Counselors LLC now owns 17,744 shares of the scientific and technical instruments company's stock worth $2,586,000 after purchasing an additional 521 shares during the last quarter. Finally, Crew Capital Management Ltd. purchased a new position in shares of Allegion during the third quarter valued at approximately $261,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Analyst Ratings Changes

ALLE has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research note on Saturday, July 27th. Barclays boosted their target price on shares of Allegion from $117.00 to $135.00 and gave the company an "underweight" rating in a research note on Wednesday, October 2nd. Finally, Mizuho upped their price target 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $142.25.

Allegion Trading Down 3.7 %

NYSE:ALLE traded down $5.59 during midday trading on Thursday, hitting $145.27. The stock had a trading volume of 1,861,188 shares, compared to its average volume of 707,943. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The stock has a 50-day moving average of $141.86 and a 200 day moving average of $130.00. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 23.63, a PEG ratio of 4.50 and a beta of 1.12. Allegion plc has a one year low of $95.94 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.84 by $0.12. The business had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 EPS. As a group, sell-side analysts forecast that Allegion plc will post 7.26 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, September 20th. Allegion's dividend payout ratio (DPR) is 31.32%.

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.