1,377 Shares in Allegion plc (NYSE:ALLE) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in shares of Allegion plc (NYSE:ALLE) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 1,377 shares of the scientific and technical instruments company’s stock, valued at approximately $201,000.

Several other large investors have also recently modified their holdings of ALLE. Millennium Management LLC raised its stake in shares of 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 acquiring an additional 427,146 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Allegion during the 2nd quarter worth approximately $27,056,000. AXA S.A. increased its stake in Allegion by 83.6% during the 2nd 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 in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Allegion by 7.8% during 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 in the last quarter. Finally, Distillate Capital Partners LLC acquired a new position in Allegion during the 2nd quarter valued at approximately $13,662,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ALLE. Robert W. Baird upped their price target 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. Barclays upped their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research note on Monday. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Wells Fargo & Company upped their price target on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Mizuho upped their price target on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $144.60.

Allegion Stock Down 1.8 %

NYSE:ALLE opened at $139.78 on Wednesday. The firm has a market capitalization of $12.22 billion, a P/E ratio of 22.85, a PEG ratio of 4.50 and a beta of 1.12. Allegion plc has a 1-year low of $95.97 and a 1-year high of $156.10. The company’s fifty day moving average price is $142.53 and its 200-day moving average price is $130.25. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

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 analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. As a group, equities research analysts anticipate that Allegion plc will post 7.26 EPS for the current 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 paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, September 20th. Allegion’s payout ratio is currently 31.32%.

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.