Allegion plc (NYSE:ALLE) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Allegion plc (NYSE:ALLE) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,948 shares of the scientific and technical instruments company’s stock after selling 83 shares during the quarter. US Bancorp DE’s holdings in Allegion were worth $1,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ALLE. Boston Partners raised its holdings in Allegion by 1.5% in the 1st quarter. Boston Partners now owns 5,006,225 shares of the scientific and technical instruments company’s stock worth $673,441,000 after purchasing an additional 72,773 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Allegion by 2.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company’s stock worth $442,019,000 after buying an additional 91,011 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of 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 buying an additional 120,870 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Allegion by 1.4% in the 1st quarter. Russell Investments Group Ltd. now owns 856,816 shares of the scientific and technical instruments company’s stock valued at $115,411,000 after acquiring an additional 11,947 shares during the period. Finally, Lord Abbett & CO. LLC increased its holdings in Allegion by 0.8% in the 1st quarter. Lord Abbett & CO. LLC now owns 819,015 shares of the scientific and technical instruments company’s stock worth $110,330,000 after acquiring an additional 6,877 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Allegion Price Performance

NYSE:ALLE opened at $142.67 on Friday. Allegion plc has a one year low of $101.11 and a one year high of $156.10. The stock has a market cap of $12.40 billion, a PE ratio of 21.92, a P/E/G ratio of 3.31 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The stock has a 50 day moving average price of $143.22 and a 200 day moving average price of $130.98.

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

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.35%. Allegion’s dividend payout ratio (DPR) is 29.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ALLE shares. Robert W. Baird lifted their target price on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company lifted their price objective on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Barclays increased their target price on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Mizuho increased their price objective on 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 given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and a consensus target price of $144.60.

Allegion Company 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.