Allegion plc (NYSE:ALLE) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Allegion plc (NYSE:ALLE) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,284 shares of the scientific and technical instruments company’s stock after selling 235 shares during the quarter. New York State Teachers Retirement System’s holdings in Allegion were worth $10,535,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ALLE. abrdn plc lifted its holdings in shares of Allegion by 2.7% during the third quarter. abrdn plc now owns 197,817 shares of the scientific and technical instruments company’s stock worth $28,855,000 after purchasing an additional 5,287 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Allegion during the 3rd quarter worth about $620,000. Concord Wealth Partners purchased a new stake in Allegion during the 3rd quarter worth about $29,000. State of Alaska Department of Revenue increased its position in Allegion by 6.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 10,128 shares of the scientific and technical instruments company’s stock worth $1,476,000 after purchasing an additional 605 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in Allegion during the 3rd quarter worth about $229,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction on Friday, October 25th. The shares were 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 $1,029,511.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALLE shares. Mizuho boosted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their target price on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Robert W. Baird boosted their price objective 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. Barclays upped their target price on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $144.60.

Allegion Stock Up 0.1 %

Allegion stock opened at $139.83 on Monday. The firm has a market cap of $12.16 billion, a PE ratio of 21.48, 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 firm’s 50 day moving average price is $142.92 and its two-hundred day moving average price is $130.61. Allegion plc has a twelve month low of $98.21 and a twelve month high of $156.10.

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

Allegion Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.