Stephens Inc. AR Makes New $225,000 Investment in Allegion plc (NYSE:ALLE)

Stephens Inc. AR bought a new position in Allegion plc (NYSE:ALLE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,541 shares of the scientific and technical instruments company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. International Assets Investment Management LLC bought a new stake in Allegion during the third quarter valued at about $666,840,000. Millennium Management LLC boosted its position in Allegion by 483.1% during the second quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock valued at $60,914,000 after purchasing an additional 427,146 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Allegion during the second quarter valued at about $27,056,000. AXA S.A. boosted its position in Allegion by 83.6% during the second 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. Finally, Massachusetts Financial Services Co. MA boosted its position in Allegion by 7.8% during the second 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. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Robert W. Baird raised their price objective on 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 boosted their price target on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Barclays increased their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. 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. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. 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 stock. Based on data from MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus target price of $144.60.

Allegion Price Performance

Shares of ALLE opened at $143.74 on Friday. The business’s 50-day moving average is $143.32 and its two-hundred day moving average is $131.10. The company has a market capitalization of $12.50 billion, a P/E ratio of 22.08, 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. Allegion plc has a fifty-two week low of $101.11 and a fifty-two week high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (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 business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period in the prior year, the company posted $1.94 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts predict that Allegion plc will post 7.45 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio is presently 29.49%.

Insider Activity at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

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.