Allegion plc (NYSE:ALLE) Shares Acquired by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. lifted its position in shares of Allegion plc (NYSE:ALLE) by 61.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 190 shares of the scientific and technical instruments company’s stock after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc.’s holdings in Allegion were worth $27,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALLE. American International Group Inc. boosted its position in shares of Allegion by 0.7% during the 4th quarter. American International Group Inc. now owns 24,125 shares of the scientific and technical instruments company’s stock worth $3,056,000 after acquiring an additional 172 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Allegion during the 4th quarter worth approximately $224,000. First Hawaiian Bank boosted its holdings in shares of Allegion by 6.3% in the 1st quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock valued at $251,000 after buying an additional 110 shares in the last quarter. Lion Street Advisors LLC purchased a new position in shares of Allegion in the 1st quarter valued at $213,000. Finally, Thrive Wealth Management LLC grew its position in shares of Allegion by 9.6% in the 1st quarter. Thrive Wealth Management LLC now owns 1,816 shares of the scientific and technical instruments company’s stock valued at $245,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of several research reports. Mizuho raised their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Barclays increased their price objective on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company boosted their target price on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $142.25.

Allegion Trading Up 0.6 %

Shares of ALLE stock opened at $153.36 on Monday. The stock has a market cap of $13.41 billion, a P/E ratio of 25.02, a P/E/G ratio of 4.50 and a beta of 1.12. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $156.10. The business has a fifty day simple moving average of $140.59 and a 200-day simple moving average of $129.58.

Allegion (NYSE:ALLE) last posted its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The firm had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same period last year, the firm posted $1.76 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts forecast that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.25%. Allegion’s payout ratio is currently 31.32%.

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.