Public Employees Retirement System of Ohio Acquires Shares of 34,222 Allegion plc (NYSE:ALLE)

Public Employees Retirement System of Ohio purchased a new stake in shares of Allegion plc (NYSE:ALLE - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 34,222 shares of the scientific and technical instruments company's stock, valued at approximately $4,988,000.

Other institutional investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. boosted its holdings in 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 valued at $27,000 after acquiring an additional 72 shares during the period. Brooklyn Investment Group acquired a new position in shares of Allegion in the third quarter valued at approximately $28,000. Crewe Advisors LLC increased its stake in 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 buying an additional 149 shares during the period. Concord Wealth Partners purchased a new stake in Allegion during the 3rd quarter worth approximately $29,000. Finally, Cromwell Holdings LLC lifted its holdings in 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 buying an additional 92 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALLE has been the subject of several research reports. Barclays boosted their price target on shares of Allegion from $135.00 to $137.00 and gave the stock an "underweight" rating in a research note on Monday, October 28th. Wells Fargo & Company boosted their target price on Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Mizuho increased their price target on Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. 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 research report on Friday, October 25th. One equities research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $144.60.

Allegion Stock Down 0.3 %

NYSE:ALLE traded down $0.42 during trading hours on Friday, hitting $138.83. The company's stock had a trading volume of 484,060 shares, compared to its average volume of 728,228. Allegion plc has a 52-week low of $112.26 and a 52-week 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. The stock has a market capitalization of $12.07 billion, a P/E ratio of 21.33, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. The stock has a fifty day moving average of $143.03 and a 200-day moving average of $134.14.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly earnings data 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 business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.94 EPS. On average, equities analysts forecast that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.38%. Allegion's dividend payout ratio is presently 29.49%.

Insider Activity

In other news, SVP Robert C. Martens sold 8,035 shares of the firm's stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following 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 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO John H. Stone bought 7,500 shares of the business's stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company's stock.

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.