Exchange Traded Concepts LLC Takes $94,000 Position in Allegion plc (NYSE:ALLE)

Exchange Traded Concepts LLC purchased a new position in Allegion plc (NYSE:ALLE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 644 shares of the scientific and technical instruments company’s stock, valued at approximately $94,000.

Several other large investors also recently bought and sold shares of the business. Norden Group LLC bought a new stake in shares of Allegion in the 1st quarter worth about $2,271,000. BNP Paribas Financial Markets increased its stake in Allegion by 90.7% during the first quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after acquiring an additional 57,832 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Allegion by 5.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 215,829 shares of the scientific and technical instruments company’s stock valued at $29,074,000 after purchasing an additional 10,896 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Allegion by 22.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 105,089 shares of the scientific and technical instruments company’s stock valued at $14,157,000 after purchasing an additional 19,570 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Allegion in the 2nd quarter valued at approximately $3,762,000. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ALLE shares. Mizuho raised their price target on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays raised their target price on shares of Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company upped their price target on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $142.25.

Allegion Stock Down 0.9 %

NYSE:ALLE opened at $150.61 on Wednesday. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 24.57, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. Allegion plc has a twelve month low of $95.94 and a twelve month high of $156.10. 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 stock has a fifty day simple moving average of $141.47 and a 200-day simple moving average of $129.86.

Allegion (NYSE:ALLE) last issued its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping 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 business 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 firm earned $1.76 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts anticipate that Allegion plc will post 7.26 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.27%. Allegion’s payout ratio is currently 31.32%.

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.