Allegion plc (NYSE:ALLE) Position Boosted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its holdings in Allegion plc (NYSE:ALLE) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,803 shares of the scientific and technical instruments company’s stock after purchasing an additional 514 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Allegion were worth $4,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Allegion in the third quarter valued at $666,840,000. Millennium Management LLC grew its holdings in shares of Allegion by 483.1% in 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 acquiring an additional 427,146 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Allegion during the second quarter worth $27,056,000. AXA S.A. lifted its holdings in shares of Allegion by 83.6% during the second quarter. AXA S.A. now owns 331,605 shares of the scientific and technical instruments company’s stock valued at $39,179,000 after purchasing an additional 151,013 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Allegion by 7.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,672,237 shares of the scientific and technical instruments company’s stock valued at $197,575,000 after purchasing an additional 120,870 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ALLE. Barclays boosted their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Robert W. Baird boosted their target price on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Mizuho upped their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company raised their price objective on 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 assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $144.60.

Allegion Trading Up 0.7 %

Allegion stock opened at $143.74 on Friday. Allegion plc has a 12 month low of $101.11 and a 12 month high of $156.10. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 3.31 and a beta of 1.11. The business has a 50 day moving average price of $143.32 and a two-hundred day moving average price of $131.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26.

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

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s payout ratio is 29.49%.

Insider Activity

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction on Friday, October 25th. The stock was 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 directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This trade represents a 0.00 % 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 link. Corporate insiders own 0.33% of the company’s stock.

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.