Mutual of America Capital Management LLC Has $1.56 Million Position in Allegion plc (NYSE:ALLE)

Mutual of America Capital Management LLC lessened its holdings in shares of Allegion plc (NYSE:ALLE) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,733 shares of the scientific and technical instruments company’s stock after selling 300 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Allegion were worth $1,564,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. McClarren Financial Advisors Inc. raised its stake in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Crewe Advisors LLC raised its position in Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 149 shares during the last quarter. Concord Wealth Partners bought a new position in Allegion during the 3rd quarter valued at $29,000. Cromwell Holdings LLC lifted its stake in Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in Allegion during the 2nd quarter worth $38,000. 92.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALLE shares. Wells Fargo & Company raised their price target on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Mizuho upped their target price 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 increased their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.60.

Insiders Place Their Bets

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 shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the sale, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.33% of the company’s stock.

Allegion Trading Up 0.9 %

Shares of ALLE stock opened at $142.67 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The firm has a market cap of $12.40 billion, a P/E ratio of 21.92, a PEG ratio of 3.37 and a beta of 1.11. The company has a 50 day moving average of $144.02 and a 200-day moving average of $132.37. Allegion plc has a 12-month low of $103.19 and a 12-month high of $156.10.

Allegion (NYSE:ALLE) last released 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 business had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same period last year, the business posted $1.94 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

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

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.