Victory Capital Management Inc. Buys 1,160 Shares of Allegion plc (NYSE:ALLE)

Victory Capital Management Inc. raised its position in Allegion plc (NYSE:ALLE) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,745 shares of the scientific and technical instruments company’s stock after buying an additional 1,160 shares during the quarter. Victory Capital Management Inc. owned 0.07% of Allegion worth $8,853,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ALLE. McClarren Financial Advisors Inc. lifted its stake in Allegion by 61.0% during 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 boosted its holdings in shares of Allegion by 160.2% during the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 149 shares in the last quarter. Concord Wealth Partners bought a new stake in Allegion in the third quarter valued at $29,000. Cromwell Holdings LLC boosted its holdings in Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Gradient Investments LLC acquired a new stake in Allegion in the 2nd quarter valued at $38,000. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion 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 completion of the transaction, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Robert W. Baird boosted their price objective on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays boosted 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. Finally, Wells Fargo & Company lifted their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $144.60.

Allegion Trading Up 1.5 %

Shares of NYSE:ALLE opened at $141.54 on Friday. Allegion plc has a 1 year low of $103.19 and a 1 year high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The stock’s fifty day moving average price is $143.96 and its 200-day moving average price is $132.08. The company has a market cap of $12.30 billion, a P/E ratio of 21.42, a PEG ratio of 3.30 and a beta of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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. The firm had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. Sell-side analysts expect that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s payout ratio is presently 29.49%.

Allegion Company 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.