Assetmark Inc. Buys 743 Shares of Allegion plc (NYSE:ALLE)

Assetmark Inc. grew its position in Allegion plc (NYSE:ALLE) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,112 shares of the scientific and technical instruments company’s stock after purchasing an additional 743 shares during the period. Assetmark Inc.’s holdings in Allegion were worth $1,328,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. lifted 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 purchasing an additional 72 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of 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 bought a new position in shares of Allegion in the third quarter valued at approximately $29,000. Cromwell Holdings LLC boosted its holdings in shares of Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Gradient Investments LLC bought a new stake in Allegion during the 2nd quarter worth approximately $38,000. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by company insiders.

Allegion Trading Up 0.3 %

NYSE:ALLE opened at $141.28 on Friday. 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 1-year low of $103.19 and a 1-year high of $156.10. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.36 and a beta of 1.11. The business’s 50-day moving average price is $143.58 and its two-hundred day moving average price is $131.49.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same quarter last year, the firm earned $1.94 EPS. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Allegion plc will post 7.45 earnings per share for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio is currently 29.49%.

Analyst Ratings Changes

A number of research firms have commented on ALLE. Mizuho boosted their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Barclays upped their target price 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 lifted their price target 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $144.60.

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.