Allegion plc (NYSE:ALLE) Shares Bought by abrdn plc

abrdn plc lifted its position in Allegion plc (NYSE:ALLE - Free Report) by 2.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,817 shares of the scientific and technical instruments company's stock after acquiring an additional 5,287 shares during the period. abrdn plc owned 0.23% of Allegion worth $28,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ALLE. McClarren Financial Advisors Inc. boosted its stake in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company's stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Crewe Advisors LLC lifted its position in Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company's stock worth $29,000 after buying an additional 149 shares in the last quarter. Concord Wealth Partners purchased a new position in Allegion during the third quarter worth approximately $29,000. Cromwell Holdings LLC lifted its position in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company's stock worth $34,000 after buying an additional 92 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in Allegion during the second quarter worth approximately $38,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Up 0.4 %

NYSE:ALLE traded up $0.58 on Thursday, reaching $139.63. The company's stock had a trading volume of 836,365 shares, compared to its average volume of 720,094. Allegion plc has a 12-month low of $95.97 and a 12-month high of $156.10. 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 firm has a market cap of $12.21 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The stock has a 50 day moving average price of $142.77 and a 200 day moving average price of $130.39.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating analysts' consensus estimates of $1.98 by $0.18. The company had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.94 EPS. On average, equities analysts anticipate that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.38%. Allegion's dividend payout ratio (DPR) is presently 31.32%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research report on Monday. Wells Fargo & Company lifted their price objective on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. StockNews.com upgraded Allegion from a "hold" rating to a "buy" rating in a research report on Saturday, July 27th. Mizuho lifted their price objective on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their target price on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. One equities research 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 MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.