Cwm LLC Purchases 157 Shares of Allegion plc (NYSE:ALLE)

Cwm LLC increased its position in shares of Allegion plc (NYSE:ALLEGet Rating) by 56.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 437 shares of the scientific and technical instruments company’s stock after acquiring an additional 157 shares during the period. Cwm LLC’s holdings in Allegion were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ALLE. Assenagon Asset Management S.A. bought a new position in shares of Allegion in the 3rd quarter worth $459,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Allegion by 8.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 33,933 shares of the scientific and technical instruments company’s stock worth $3,043,000 after buying an additional 2,653 shares during the last quarter. Veriti Management LLC bought a new position in shares of Allegion in the 3rd quarter worth $231,000. Handelsbanken Fonder AB increased its holdings in shares of Allegion by 1.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 318,700 shares of the scientific and technical instruments company’s stock worth $28,581,000 after buying an additional 5,960 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Allegion by 8.8% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 21,792 shares of the scientific and technical instruments company’s stock worth $1,954,000 after buying an additional 1,759 shares during the last quarter. Institutional investors own 92.78% of the company’s stock.

Allegion Trading Up 2.8 %

Shares of ALLE opened at $111.30 on Friday. The stock has a market capitalization of $9.78 billion, a P/E ratio of 22.67, a PEG ratio of 2.68 and a beta of 1.08. 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 simple moving average of $110.01 and a two-hundred day simple moving average of $102.69. Allegion plc has a twelve month low of $87.33 and a twelve month high of $125.39.

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

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were given a $0.41 dividend. The ex-dividend date was Thursday, December 15th. This represents a $1.64 annualized dividend and a dividend yield of 1.47%. Allegion’s dividend payout ratio is 33.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALLE. Barclays increased their price target on shares of Allegion from $127.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, January 5th. StockNews.com began coverage on shares of Allegion in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Credit Suisse Group upped their price objective on shares of Allegion from $108.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, October 28th. Vertical Research raised shares of Allegion from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research note on Tuesday, January 3rd. Finally, TheStreet raised shares of Allegion from a “c+” rating to a “b-” rating in a research note on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $119.22.

Insider Transactions at Allegion

In related news, CEO John H. Stone bought 12,500 shares of the company’s stock in a transaction dated 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 approximately $6,740,680.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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