Barclays PLC Grows Stock Holdings in Allegion plc (NYSE:ALLE)

Barclays PLC boosted its holdings in Allegion plc (NYSE:ALLE) by 28.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 259,793 shares of the scientific and technical instruments company’s stock after buying an additional 58,268 shares during the period. Barclays PLC owned 0.30% of Allegion worth $37,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its holdings 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 valued at $27,000 after purchasing an additional 72 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Allegion during the 3rd quarter valued at approximately $28,000. Concord Wealth Partners purchased a new position in shares of Allegion in the third quarter valued at $29,000. Cromwell Holdings LLC increased its position in Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Crewe Advisors LLC raised its stake in Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 149 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction 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 transaction, the senior vice president now 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 filing with the SEC, which is accessible through this link. Also, CEO John H. Stone acquired 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. This 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 insiders.

Allegion Stock Performance

Allegion stock opened at $138.82 on Friday. Allegion plc has a 1-year low of $112.26 and a 1-year high of $156.10. The company’s 50-day moving average is $143.17 and its 200 day moving average is $133.83. The firm has a market capitalization of $12.07 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. 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 (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million during 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%. Allegion’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $1.94 EPS. Research analysts forecast that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion’s payout ratio is presently 29.49%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALLE. Barclays boosted their target price on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Robert W. Baird upped their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Mizuho raised their price objective on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company boosted their target price on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $144.60.

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.