Walleye Capital LLC Lowers Holdings in Allegion plc (NYSE:ALLE)

Walleye Capital LLC decreased its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 24.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 32,032 shares of the scientific and technical instruments company's stock after selling 10,516 shares during the period. Walleye Capital LLC's holdings in Allegion were worth $4,668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Allegion by 397.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company's stock worth $88,450,000 after buying an additional 484,995 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Allegion in the 3rd quarter valued at $666,840,000. Millennium Management LLC raised its position 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 worth $60,914,000 after purchasing an additional 427,146 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company's stock worth $277,581,000 after acquiring an additional 232,395 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Allegion during the 2nd quarter valued at about $27,056,000. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Buying and Selling

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

Allegion Stock Performance

Shares of NYSE ALLE traded down $0.50 during mid-day trading on Monday, hitting $140.34. The company had a trading volume of 825,137 shares, compared to its average volume of 726,955. Allegion plc has a 12 month low of $104.25 and a 12 month high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The firm has a market cap of $12.20 billion, a P/E ratio of 21.56, a PEG ratio of 3.36 and a beta of 1.11. The business's 50-day simple moving average is $143.83 and its 200-day simple moving average is $133.00.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results 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 company had revenue of $967.10 million during the quarter, compared to analysts' expectations of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 EPS. As a group, analysts predict that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Robert W. Baird increased their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. Mizuho raised their price target on shares of Allegion from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Barclays lifted 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. Finally, Wells Fargo & Company boosted their price target 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Allegion currently has an average rating of "Hold" and a consensus target price of $144.60.

Allegion Company 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.