GAMMA Investing LLC Buys 129 Shares of Allegion plc (NYSE:ALLE)

GAMMA Investing LLC raised its position in shares of Allegion plc (NYSE:ALLE) by 66.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 324 shares of the scientific and technical instruments company’s stock after buying an additional 129 shares during the quarter. GAMMA Investing LLC’s holdings in Allegion were worth $47,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Greenwich Wealth Management LLC lifted its position in Allegion by 0.5% during the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after acquiring an additional 79 shares during the last quarter. Thrive Wealth Management LLC boosted its position in shares of Allegion by 5.0% in the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after purchasing an additional 88 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in Allegion by 3.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $310,000 after buying an additional 92 shares during the last quarter. Pitcairn Co. increased its position in Allegion by 3.5% during the 1st quarter. Pitcairn Co. now owns 2,784 shares of the scientific and technical instruments company’s stock valued at $375,000 after buying an additional 94 shares in the last quarter. Finally, First Hawaiian Bank raised its stake in Allegion by 6.3% in the first quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock valued at $251,000 after buying an additional 110 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent analyst reports. Mizuho increased their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday. Barclays raised their price target on shares of Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Wells Fargo & Company raised their target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $133.80.

Allegion Trading Up 1.0 %

Shares of Allegion stock opened at $152.51 on Friday. The stock has a market cap of $13.34 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The firm has a fifty day moving average price of $140.10 and a 200 day moving average price of $129.46. Allegion plc has a 1 year low of $95.94 and a 1 year high of $152.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.76 EPS. Equities research analysts predict that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.26%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is 31.32%.

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.