Allegion plc (NYSE:ALLE) Shares Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC increased its holdings in Allegion plc (NYSE:ALLE) by 2.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,913 shares of the scientific and technical instruments company’s stock after buying an additional 82 shares during the period. OneDigital Investment Advisors LLC’s holdings in Allegion were worth $425,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. ING Groep NV boosted its stake in Allegion by 56.0% during the 3rd quarter. ING Groep NV now owns 76,553 shares of the scientific and technical instruments company’s stock valued at $11,157,000 after purchasing an additional 27,487 shares during the period. Metis Global Partners LLC boosted its position in shares of Allegion by 8.9% during the third quarter. Metis Global Partners LLC now owns 9,462 shares of the scientific and technical instruments company’s stock worth $1,379,000 after buying an additional 773 shares during the period. KBC Group NV grew its holdings in Allegion by 7.6% in the 3rd quarter. KBC Group NV now owns 12,374 shares of the scientific and technical instruments company’s stock worth $1,803,000 after buying an additional 875 shares in the last quarter. Victory Capital Management Inc. increased its position in Allegion by 1.9% in the 3rd quarter. Victory Capital Management Inc. now owns 60,745 shares of the scientific and technical instruments company’s stock valued at $8,853,000 after acquiring an additional 1,160 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Allegion by 1.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 195,694 shares of the scientific and technical instruments company’s stock valued at $28,520,000 after acquiring an additional 2,329 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In other 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 transaction, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ALLE. Mizuho raised their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird upped their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. 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 target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Barclays lifted their price target on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus target price of $144.60.

Allegion Trading Up 0.9 %

Shares of NYSE:ALLE opened at $139.43 on Thursday. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 3.33 and a beta of 1.11. Allegion plc has a 1-year low of $103.19 and a 1-year high of $156.10. The company has a 50 day moving average price of $143.92 and a 200 day moving average price of $132.03. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71.

Allegion (NYSE:ALLE) last announced 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. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period in the previous year, the firm earned $1.94 earnings per share. Allegion’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, September 20th. Allegion’s payout ratio is 29.49%.

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.