Versor Investments LP Buys Shares of 4,300 Allegion plc (NYSE:ALLE)

Versor Investments LP purchased a new position in Allegion plc (NYSE:ALLE - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,300 shares of the scientific and technical instruments company's stock, valued at approximately $627,000.

Several other hedge funds also recently made changes to their positions in ALLE. Venturi Wealth Management LLC grew its position in Allegion by 60.7% in the third quarter. Venturi Wealth Management LLC now owns 2,166 shares of the scientific and technical instruments company's stock worth $316,000 after acquiring an additional 818 shares in the last quarter. Catalytic Wealth RIA LLC lifted its stake in Allegion by 5.4% during the third quarter. Catalytic Wealth RIA LLC now owns 2,437 shares of the scientific and technical instruments company's stock worth $355,000 after purchasing an additional 125 shares during the last quarter. NJ State Employees Deferred Compensation Plan purchased a new position in shares of Allegion in the 3rd quarter worth about $243,000. Los Angeles Capital Management LLC increased its position in shares of Allegion by 55.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 209,917 shares of the scientific and technical instruments company's stock valued at $30,593,000 after purchasing an additional 74,577 shares during the last quarter. Finally, Covestor Ltd raised its holdings in shares of Allegion by 29.1% during the 3rd quarter. Covestor Ltd now owns 617 shares of the scientific and technical instruments company's stock valued at $90,000 after buying an additional 139 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Trading Up 0.3 %

Shares of NYSE:ALLE traded up $0.45 during midday trading on Thursday, hitting $141.28. 790,594 shares of the stock traded hands, compared to its average volume of 723,538. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The business's 50 day moving average is $143.58 and its two-hundred day moving average is $131.49. The stock has a market capitalization of $12.28 billion, a PE ratio of 21.70, a P/E/G ratio of 3.36 and a beta of 1.11. Allegion plc has a one year low of $103.19 and a one year high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last released its quarterly 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. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The business 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 company posted $1.94 EPS. Allegion's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Allegion plc will post 7.45 earnings per share for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a $0.48 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. Allegion's dividend payout ratio is 29.49%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Allegion from $135.00 to $137.00 and gave the company an "underweight" rating in a research report on Monday, October 28th. Wells Fargo & Company lifted their target price on shares of 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 shares of 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 report on Thursday, October 17th. Finally, Robert W. Baird increased their target price on Allegion from $145.00 to $152.00 and gave the company a "neutral" rating in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $144.60.

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 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 owns 7,104 shares in the company, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company's stock.

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.