GHP Investment Advisors Inc. Has $4.21 Million Stock Position in Allegion PLC $ALLE

GHP Investment Advisors Inc. boosted its holdings in Allegion PLC (NYSE:ALLE) by 67.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,735 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,549 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Allegion were worth $4,209,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALLE. First Horizon Corp bought a new stake in shares of Allegion in the 3rd quarter valued at $26,000. Sound Income Strategies LLC acquired a new stake in Allegion in the second quarter worth $32,000. CYBER HORNET ETFs LLC bought a new stake in Allegion in the second quarter valued at $33,000. Spire Wealth Management increased its stake in Allegion by 78.0% in the second quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 103 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new position in shares of Allegion during the second quarter valued at about $37,000. 92.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ALLE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research report on Wednesday. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Robert W. Baird upped their target price on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Finally, Barclays reduced their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Allegion has a consensus rating of “Hold” and an average price target of $174.25.

Allegion Stock Performance

Shares of Allegion stock opened at $167.04 on Friday. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average price of $162.12 and a 200-day moving average price of $166.19. The company has a market cap of $14.37 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.Allegion’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.16 earnings per share. Equities analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.51 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion’s dividend payout ratio is presently 27.60%.

Allegion Profile

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.