Barclays PLC Boosts Stake in Allegion plc (NYSE:ALLE)

Barclays PLC grew its stake in Allegion plc (NYSE:ALLE) by 28.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,793 shares of the scientific and technical instruments company’s stock after acquiring an additional 58,268 shares during the quarter. Barclays PLC’s holdings in Allegion were worth $37,861,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ALLE. McClarren Financial Advisors Inc. raised its stake in shares of Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Allegion during the third quarter worth $28,000. Crewe Advisors LLC increased its position in shares of Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Concord Wealth Partners purchased a new stake in shares of Allegion during the 3rd quarter valued at $29,000. Finally, Cromwell Holdings LLC grew its stake 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 buying an additional 92 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the transaction, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.33% of the company’s stock.

Allegion Trading Down 0.3 %

Allegion stock opened at $138.82 on Friday. Allegion plc has a 52 week low of $112.26 and a 52 week high of $156.10. The stock has a 50-day moving average price of $143.17 and a 200 day moving average price of $133.83. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same period in the prior year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Sell-side analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, December 17th. Allegion’s dividend payout ratio is currently 29.49%.

Analyst Ratings Changes

A number of equities research analysts have commented on ALLE shares. Mizuho increased their price target on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays boosted their target price on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Finally, Wells Fargo & Company raised their price target 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 investment 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. According to data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus 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.