Creative Planning Has $1.73 Million Holdings in Allegion plc (NYSE:ALLE)

Creative Planning boosted its position in shares of Allegion plc (NYSE:ALLE) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,865 shares of the scientific and technical instruments company’s stock after purchasing an additional 988 shares during the period. Creative Planning’s holdings in Allegion were worth $1,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Allegion in the third quarter valued at approximately $94,000. LongView Wealth Management bought a new position in Allegion in the third quarter valued at $249,000. LVW Advisors LLC increased its stake in Allegion by 10.2% in the 3rd quarter. LVW Advisors LLC now owns 5,507 shares of the scientific and technical instruments company’s stock valued at $803,000 after buying an additional 511 shares during the last quarter. CWM LLC lifted its position in Allegion by 11.3% during the 3rd quarter. CWM LLC now owns 3,358 shares of the scientific and technical instruments company’s stock worth $489,000 after buying an additional 340 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in Allegion during the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday. Robert W. Baird boosted their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday. Mizuho upped their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Wells Fargo & Company boosted their target price 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 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $144.60.

Allegion Price Performance

NYSE:ALLE opened at $142.33 on Tuesday. Allegion plc has a 12-month low of $95.97 and a 12-month high of $156.10. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of 23.22, a P/E/G ratio of 4.50 and a beta of 1.12. The stock’s 50 day moving average price is $142.34 and its two-hundred day moving average price is $130.16. 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 (NYSE:ALLE) last posted its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period in the previous year, the firm earned $1.94 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders 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 dividend yield of 1.35%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio is presently 31.32%.

Allegion 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.