Allegion PLC $ALLE Stock Position Raised by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Allegion PLC (NYSE:ALLE) by 30,063.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 869,012 shares of the scientific and technical instruments company’s stock after buying an additional 866,131 shares during the period. Allegion makes up 1.0% of International Assets Investment Management LLC’s holdings, making the stock its 11th biggest position. International Assets Investment Management LLC’s holdings in Allegion were worth $133,628,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DMC Group LLC grew its stake in Allegion by 2.4% during the 3rd quarter. DMC Group LLC now owns 4,408 shares of the scientific and technical instruments company’s stock valued at $678,000 after acquiring an additional 102 shares in the last quarter. Wealth Alliance LLC raised its holdings in Allegion by 4.5% in the 1st quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $384,000 after acquiring an additional 114 shares during the last quarter. Allworth Financial LP lifted its stake in Allegion by 9.5% in the 2nd quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company’s stock worth $192,000 after purchasing an additional 119 shares in the last quarter. Turtle Creek Wealth Advisors LLC lifted its stake in Allegion by 7.9% in the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 1,831 shares of the scientific and technical instruments company’s stock worth $266,000 after purchasing an additional 134 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Allegion by 6.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company’s stock worth $319,000 after purchasing an additional 138 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALLE. Robert W. Baird set a $196.00 target price on Allegion in a report on Friday, October 23rd. Evercore reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Allegion in a report on Tuesday, September 22nd. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and increased their price target for the company from $164.00 to $200.00 in a report on Friday, October 23rd. Weiss Ratings upgraded Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Mizuho set a $180.00 price objective on Allegion in a research note on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $179.60.

Allegion Trading Down 0.3%

Shares of ALLE opened at $186.58 on Friday. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $189.59. The firm has a market capitalization of $15.73 billion, a P/E ratio of 21.40, a P/E/G ratio of 2.11 and a beta of 0.81. The firm has a 50-day moving average price of $158.50 and a 200 day moving average price of $150.81. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.94.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.10. Allegion had a net margin of 15.74% and a return on equity of 35.52%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $2.30 earnings per share. Allegion’s quarterly revenue was up 9.6% compared to the same quarter last year. Sell-side analysts forecast that Allegion PLC will post 9.10 EPS for the current year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.55 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio (DPR) is currently 27.40%.

Insider Activity

In other news, Director Steven Mizell purchased 170 shares of Allegion stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the transaction, the director owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vincent Wenos sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $168.25, for a total transaction of $168,250.00. Following the sale, the senior vice president directly owned 12,096 shares in the company, valued at approximately $2,035,152. The trade was a 7.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 11,833 shares of company stock worth $2,104,090 over the last quarter. 0.64% of the stock is currently owned by corporate insiders.

Allegion Company Profile

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.