Allegion plc (NYSE:ALLE) Shares Bought by ING Groep NV

ING Groep NV raised its position in shares of Allegion plc (NYSE:ALLE) by 56.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,553 shares of the scientific and technical instruments company’s stock after purchasing an additional 27,487 shares during the quarter. ING Groep NV owned 0.09% of Allegion worth $11,157,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its position in shares of Allegion by 1.5% during the 1st quarter. Boston Partners now owns 5,006,225 shares of the scientific and technical instruments company’s stock valued at $673,441,000 after buying an additional 72,773 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Allegion by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company’s stock valued at $442,019,000 after purchasing an additional 91,011 shares during the last quarter. Van ECK Associates Corp increased its holdings in Allegion by 1.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock valued at $479,577,000 after purchasing an additional 39,905 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Allegion by 7.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,672,237 shares of the scientific and technical instruments company’s stock worth $197,575,000 after buying an additional 120,870 shares during the period. Finally, Millennium Management LLC grew its stake in Allegion by 483.1% during the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock worth $60,914,000 after purchasing an additional 427,146 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the sale, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.33% of the stock is owned by insiders.

Allegion Stock Performance

Shares of NYSE ALLE opened at $141.28 on Friday. The company has a market capitalization of $12.28 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 3.36 and a beta of 1.11. The business’s 50-day moving average price is $143.58 and its two-hundred day moving average price is $131.49. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion plc has a one year low of $103.19 and a one year high of $156.10.

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 analysts’ consensus estimates of $1.98 by $0.18. The business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. Analysts anticipate that Allegion plc will post 7.45 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business 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. 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 29.49%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Barclays increased their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Mizuho raised 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. Robert W. Baird increased their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.