Allegion plc (NYSE:ALLE) Shares Sold by Swiss National Bank

Swiss National Bank cut its position in shares of Allegion plc (NYSE:ALLEGet Rating) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 382,715 shares of the scientific and technical instruments company’s stock after selling 5,800 shares during the quarter. Swiss National Bank owned 0.44% of Allegion worth $37,468,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ALLE. State of Michigan Retirement System grew its position in shares of Allegion by 0.4% in the first quarter. State of Michigan Retirement System now owns 26,544 shares of the scientific and technical instruments company’s stock valued at $2,914,000 after purchasing an additional 93 shares during the last quarter. Veritable L.P. lifted its stake in Allegion by 3.2% in the 1st quarter. Veritable L.P. now owns 3,771 shares of the scientific and technical instruments company’s stock valued at $414,000 after buying an additional 117 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Allegion by 85.1% during the 1st quarter. First Horizon Advisors Inc. now owns 274 shares of the scientific and technical instruments company’s stock valued at $31,000 after buying an additional 126 shares during the last quarter. Heritage Wealth Advisors increased its position in Allegion by 66.5% during the second quarter. Heritage Wealth Advisors now owns 333 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 133 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in Allegion by 61.3% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 363 shares of the scientific and technical instruments company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. 91.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ALLE has been the topic of a number of analyst reports. StockNews.com began coverage on Allegion in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Mizuho lowered their price target on shares of Allegion from $125.00 to $114.00 and set a “buy” rating for the company in a report on Wednesday, September 21st. Credit Suisse Group boosted their price objective on shares of Allegion from $108.00 to $116.00 and gave the company a “neutral” rating in a research report on Friday, October 28th. Morgan Stanley raised their target price on shares of Allegion from $98.00 to $107.00 and gave the stock an “equal weight” rating in a research report on Friday, October 28th. Finally, Wells Fargo & Company boosted their price target on Allegion from $114.00 to $116.00 and gave the company an “overweight” rating in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $118.00.

Insider Activity

In other Allegion news, CEO John H. Stone purchased 12,500 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was purchased at an average cost of $104.45 per share, with a total value of $1,305,625.00. Following the transaction, the chief executive officer now owns 64,535 shares in the company, valued at $6,740,680.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Allegion Stock Down 1.4 %

Shares of NYSE ALLE opened at $111.05 on Thursday. The stock has a market capitalization of $9.76 billion, a PE ratio of 22.62, a P/E/G ratio of 2.87 and a beta of 1.07. The company has a quick ratio of 1.10, a current ratio of 1.79 and a debt-to-equity ratio of 2.79. The firm has a fifty day moving average of $97.37 and a 200-day moving average of $101.69. Allegion plc has a 52-week low of $87.33 and a 52-week high of $137.02.

Allegion (NYSE:ALLEGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The scientific and technical instruments company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.45 by $0.19. The company had revenue of $913.70 million during the quarter, compared to analyst estimates of $873.58 million. Allegion had a return on equity of 59.82% and a net margin of 13.96%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.56 earnings per share. On average, analysts anticipate that Allegion plc will post 5.46 EPS for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, September 15th. Allegion’s payout ratio is currently 33.40%.

Allegion Profile

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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, 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 and door systems; and other accessories.

See Also

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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