XTX Topco Ltd Purchases New Position in Allegion plc (NYSE:ALLE)

XTX Topco Ltd purchased a new stake in Allegion plc (NYSE:ALLE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,170 shares of the scientific and technical instruments company’s stock, valued at approximately $1,202,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Allegion by 10.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 3,528 shares of the scientific and technical instruments company’s stock worth $447,000 after purchasing an additional 329 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Allegion by 19.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 3,823 shares in the last quarter. Norges Bank bought a new position in shares of Allegion in the fourth quarter valued at approximately $110,740,000. UBS Group AG boosted its holdings in shares of Allegion by 29.2% in the 4th quarter. UBS Group AG now owns 103,157 shares of the scientific and technical instruments company’s stock worth $13,069,000 after acquiring an additional 23,329 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Allegion by 0.6% in the 4th quarter. Wells Fargo & Company MN now owns 689,700 shares of the scientific and technical instruments company’s stock worth $87,378,000 after acquiring an additional 4,050 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Down 2.0 %

ALLE stock opened at $140.40 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. Allegion plc has a twelve month low of $95.94 and a twelve month high of $146.41. The company has a market cap of $12.28 billion, a P/E ratio of 22.90, a PEG ratio of 4.21 and a beta of 1.12. The business has a fifty day moving average of $133.90 and a 200-day moving average of $127.63.

Allegion (NYSE:ALLE) last released its 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. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Allegion plc will post 7.26 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Friday, September 20th. Allegion’s dividend payout ratio is presently 31.32%.

Analyst Upgrades and Downgrades

ALLE has been the subject of several research analyst reports. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Wells Fargo & Company upped their price target on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Barclays boosted their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus price target of $125.40.

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.