Whittier Trust Co. of Nevada Inc. Grows Position in Allegion plc (NYSE:ALLE)

Whittier Trust Co. of Nevada Inc. raised its stake in Allegion plc (NYSE:ALLE) by 55.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 726 shares of the scientific and technical instruments company’s stock after purchasing an additional 258 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Allegion were worth $106,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ALLE. Northwest Investment Counselors LLC increased its holdings in Allegion by 3.0% in the 3rd quarter. Northwest Investment Counselors LLC now owns 17,744 shares of the scientific and technical instruments company’s stock valued at $2,586,000 after purchasing an additional 521 shares during the last quarter. Crew Capital Management Ltd. acquired a new stake in shares of Allegion in the third quarter valued at $261,000. McClarren Financial Advisors Inc. raised its holdings in shares of Allegion by 61.0% in 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 buying an additional 72 shares during the period. Raymond James & Associates lifted its stake in Allegion by 2.9% during the 3rd quarter. Raymond James & Associates now owns 460,290 shares of the scientific and technical instruments company’s stock worth $67,083,000 after acquiring an additional 13,095 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Allegion by 44.9% during the 3rd quarter. Blue Trust Inc. now owns 500 shares of the scientific and technical instruments company’s stock valued at $73,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of NYSE ALLE opened at $150.86 on Thursday. The stock’s 50-day simple moving average is $141.86 and its 200-day simple moving average is $130.00. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The firm has a market capitalization of $13.19 billion, a PE ratio of 24.61, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $156.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million for the quarter, compared to analysts’ expectations of $953.63 million. During the same quarter last year, the company earned $1.76 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Announces Dividend

The company 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s payout ratio is 31.32%.

Analyst Ratings Changes

ALLE has been the topic of a number of recent research reports. 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 research note on Monday, October 7th. Mizuho increased their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Finally, Barclays upped 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $142.25.

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.