Cwm LLC Buys 340 Shares of Allegion plc (NYSE:ALLE)

Cwm LLC increased its stake in Allegion plc (NYSE:ALLE) by 11.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,358 shares of the scientific and technical instruments company’s stock after acquiring an additional 340 shares during the period. Cwm LLC’s holdings in Allegion were worth $489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ALLE. American International Group Inc. lifted its position in Allegion by 0.7% in the fourth quarter. American International Group Inc. now owns 24,125 shares of the scientific and technical instruments company’s stock valued at $3,056,000 after purchasing an additional 172 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Allegion during the 4th quarter valued at $224,000. First Hawaiian Bank grew its holdings in Allegion by 6.3% in the 1st quarter. First Hawaiian Bank now owns 1,861 shares of the scientific and technical instruments company’s stock worth $251,000 after acquiring an additional 110 shares during the last quarter. Northwest Investment Counselors LLC grew its holdings in Allegion by 0.7% in the 1st quarter. Northwest Investment Counselors LLC now owns 16,794 shares of the scientific and technical instruments company’s stock worth $2,262,000 after acquiring an additional 119 shares during the last quarter. Finally, Lion Street Advisors LLC purchased a new position in shares of Allegion in the first quarter valued at about $213,000. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

ALLE opened at $153.36 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The company has a market cap of $13.41 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The stock has a fifty day simple moving average of $140.59 and a two-hundred day simple moving average of $129.59. Allegion plc has a 12-month low of $95.94 and a 12-month high of $156.10.

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

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday. StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Barclays raised their price target on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company upped their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Allegion presently has a consensus rating of “Hold” and an average price target of $142.25.

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.