Qsemble Capital Management LP Purchases Shares of 6,115 Allegion plc (NYSE:ALLE)

Qsemble Capital Management LP bought a new position in Allegion plc (NYSE:ALLE - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,115 shares of the scientific and technical instruments company's stock, valued at approximately $891,000.

A number of other institutional investors have also recently made changes to their positions in ALLE. International Assets Investment Management LLC bought a new stake in Allegion in the 3rd quarter worth about $666,840,000. Millennium Management LLC raised its stake in Allegion by 483.1% during the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company's stock valued at $60,914,000 after buying an additional 427,146 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Allegion by 13.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock valued at $277,581,000 after buying an additional 232,395 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Allegion in the 2nd quarter worth $27,056,000. Finally, AXA S.A. grew its holdings in shares of Allegion by 83.6% in the second quarter. AXA S.A. now owns 331,605 shares of the scientific and technical instruments company's stock worth $39,179,000 after acquiring an additional 151,013 shares during the period. Hedge funds and other institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several research reports. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Wells Fargo & Company raised their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Barclays upped their target price on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a report on Monday, October 28th. Finally, Robert W. Baird lifted their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $144.60.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 8,035 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Allegion Stock Performance

Allegion stock traded up $0.21 during midday trading on Wednesday, hitting $140.60. The stock had a trading volume of 34,267 shares, compared to its average volume of 724,413. 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 plc has a 52-week low of $103.19 and a 52-week high of $156.10. The company has a market capitalization of $12.22 billion, a PE ratio of 21.57, a P/E/G ratio of 3.40 and a beta of 1.11. The firm's fifty day moving average is $143.96 and its two-hundred day moving average is $132.59.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. The firm had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company's revenue was up 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.94 EPS. On average, research analysts forecast that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 20th. Allegion's dividend payout ratio (DPR) is 29.49%.

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.