Bleakley Financial Group LLC Invests $205,000 in Allegion plc (NYSE:ALLE)

Bleakley Financial Group LLC purchased a new position in Allegion plc (NYSE:ALLE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,404 shares of the scientific and technical instruments company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC increased its holdings in shares of Allegion by 160.2% in the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 149 shares during the last quarter. Covestor Ltd increased its position in shares of Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock worth $42,000 after purchasing an additional 225 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Allegion by 66.2% during the third quarter. GAMMA Investing LLC now owns 324 shares of the scientific and technical instruments company’s stock worth $47,000 after purchasing an additional 129 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of Allegion during the second quarter worth $38,000. Finally, Larson Financial Group LLC acquired a new position in shares of Allegion in the 1st quarter valued at $44,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Stock Performance

NYSE:ALLE opened at $145.27 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $156.10. The stock has a market capitalization of $12.70 billion, a P/E ratio of 23.70, a PEG ratio of 4.50 and a beta of 1.12. The company has a 50 day moving average price of $142.11 and a 200 day moving average price of $130.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.84 by $0.12. The firm had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. Allegion’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.76 EPS. Equities research analysts forecast that Allegion plc will post 7.26 EPS for the current year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.32%. Allegion’s dividend payout ratio is currently 31.32%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ALLE shares. 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 shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays upped their price target on shares of Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Allegion presently has a consensus 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.