6,315 Shares in Allegion plc (NYSE:ALLE) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in Allegion plc (NYSE:ALLE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,315 shares of the scientific and technical instruments company’s stock, valued at approximately $920,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALLE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Allegion by 397.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock valued at $88,450,000 after acquiring an additional 484,995 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Allegion in the third quarter valued at approximately $666,840,000. Millennium Management LLC increased its stake in Allegion by 483.1% in the second quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock valued at $60,914,000 after purchasing an additional 427,146 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after purchasing an additional 232,395 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Allegion during the 2nd quarter worth approximately $27,056,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ALLE. Robert W. Baird lifted their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Mizuho boosted their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays raised their price target on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company boosted their price objective on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $144.60.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was 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 directly owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John H. Stone acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were acquired at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by corporate insiders.

Allegion Price Performance

Shares of ALLE opened at $138.82 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion plc has a fifty-two week low of $112.26 and a fifty-two week high of $156.10. The firm has a 50-day simple moving average of $143.17 and a 200-day simple moving average of $133.83. 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 posted its quarterly earnings data 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. The company had revenue of $967.10 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.94 EPS. On average, equities research analysts anticipate that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.38%. Allegion’s dividend payout ratio (DPR) is 29.49%.

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.