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

Mutual of America Capital Management LLC cut its stake in shares of Allegion plc (NYSE:ALLE) by 2.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,733 shares of the scientific and technical instruments company’s stock after selling 300 shares during the period. Mutual of America Capital Management LLC’s holdings in Allegion were worth $1,564,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. raised its position in 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 valued at $27,000 after purchasing an additional 72 shares during the last quarter. Crewe Advisors LLC raised its holdings 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 acquired a new stake in Allegion during the 3rd quarter worth approximately $29,000. Cromwell Holdings LLC grew its holdings 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 worth $34,000 after acquiring an additional 92 shares during the last quarter. Finally, Gradient Investments LLC acquired a new position in Allegion in the 2nd quarter valued at approximately $38,000. 92.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction of $1,164,432.20. Following the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This represents a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.33% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $142.67 on Tuesday. The company 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 current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $144.02 and a two-hundred day moving average price of $132.37. Allegion plc has a 1-year low of $103.19 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $1.98 by $0.18. The business had revenue of $967.10 million during the quarter, compared to analysts’ expectations of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.94 earnings per share. As a group, analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Mizuho boosted their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays upped their price target on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price objective 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 analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $144.60.

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.