Mediolanum International Funds Ltd Has $5.98 Million Holdings in Allegion plc (NYSE:ALLE)

Mediolanum International Funds Ltd decreased its position in Allegion plc (NYSE:ALLE - Free Report) by 17.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,676 shares of the scientific and technical instruments company's stock after selling 8,856 shares during the period. Mediolanum International Funds Ltd's holdings in Allegion were worth $5,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. lifted its holdings in shares of Allegion by 2.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,925 shares of the scientific and technical instruments company's stock worth $718,000 after acquiring an additional 118 shares during the period. Grimes & Company Inc. purchased a new stake in shares of Allegion in the third quarter worth about $210,000. International Assets Investment Management LLC acquired a new stake in shares of Allegion in the third quarter valued at about $666,840,000. Signaturefd LLC raised its stake in shares of Allegion by 88.5% during the third quarter. Signaturefd LLC now owns 1,423 shares of the scientific and technical instruments company's stock valued at $207,000 after purchasing an additional 668 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new stake in Allegion in the third quarter valued at $201,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

Allegion stock traded down $2.67 on Friday, reaching $142.60. 1,155,969 shares of the stock were exchanged, compared to its average volume of 710,108. The stock has a market cap of $12.47 billion, a PE ratio of 23.26, a PEG ratio of 4.50 and a beta of 1.12. The firm has a fifty day moving average price of $142.34 and a two-hundred day moving average price of $130.15. Allegion plc has a twelve month low of $95.97 and a twelve month high of $156.10. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40.

Allegion (NYSE:ALLE - Get Free Report) last posted 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 the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same quarter in the prior year, the business posted $1.94 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Sell-side analysts anticipate that Allegion plc will post 7.26 EPS for the current 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 issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, September 20th. Allegion's dividend payout ratio is 31.32%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of recent analyst reports. Barclays increased their target price on shares of Allegion from $117.00 to $135.00 and gave the company an "underweight" rating in a research report on Wednesday, October 2nd. Mizuho raised their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. 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. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a report on Saturday, July 27th. 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 report on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $144.20.

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.