BB&T Securities LLC purchased a new position in Allegion PLC (NYSE:ALLE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 4,653 shares of the scientific and technical instruments company’s stock, valued at approximately $402,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Allegion by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,295,692 shares of the scientific and technical instruments company’s stock worth $754,067,000 after purchasing an additional 175,432 shares during the last quarter. BlackRock Inc. raised its stake in Allegion by 14.3% during the 2nd quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock valued at $483,111,000 after acquiring an additional 746,516 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Allegion by 7.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,738,702 shares of the scientific and technical instruments company’s stock valued at $492,149,000 after acquiring an additional 390,699 shares in the last quarter. State Street Corp raised its stake in Allegion by 2.9% during the 2nd quarter. State Street Corp now owns 5,207,209 shares of the scientific and technical instruments company’s stock valued at $422,400,000 after acquiring an additional 146,138 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Allegion by 0.8% during the 2nd quarter. American Century Companies Inc. now owns 1,901,388 shares of the scientific and technical instruments company’s stock valued at $154,241,000 after acquiring an additional 14,656 shares in the last quarter. 89.48% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. Wells Fargo & Company reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. BidaskClub downgraded Allegion from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 18th. Robert W. Baird reaffirmed a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Wolfe Research raised Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Allegion presently has a consensus rating of “Buy” and an average price target of $89.75.
Allegion PLC (NYSE ALLE) opened at $82.17 on Tuesday. Allegion PLC has a 1 year low of $63.71 and a 1 year high of $89.81. The stock has a market capitalization of $7,837.22, a price-to-earnings ratio of 22.47, a PEG ratio of 1.55 and a beta of 1.08. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14.
Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The company had revenue of $609.40 million for the quarter, compared to analysts’ expectations of $622.18 million. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. sell-side analysts predict that Allegion PLC will post 3.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, December 15th. Allegion’s dividend payout ratio (DPR) is presently 18.18%.
Allegion Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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