Swedbank AB Has $10.46 Million Stock Position in Allegion plc (NYSE:ALLE)

Swedbank AB lifted its holdings in shares of Allegion plc (NYSE:ALLE) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,740 shares of the scientific and technical instruments company’s stock after purchasing an additional 700 shares during the period. Swedbank AB’s holdings in Allegion were worth $10,455,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. McClarren Financial Advisors Inc. raised its position in 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 worth $27,000 after purchasing an additional 72 shares during the last quarter. Crewe Advisors LLC increased its stake in shares of Allegion by 160.2% in the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 149 shares during the period. Concord Wealth Partners bought a new position in shares of Allegion during the third quarter worth about $29,000. Cromwell Holdings LLC lifted its stake in shares of 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 acquiring an additional 92 shares during the period. Finally, Gradient Investments LLC bought a new stake in Allegion in the second quarter valued at approximately $38,000. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.33% of the stock is owned by insiders.

Allegion Trading Down 1.6 %

NYSE:ALLE opened at $140.40 on Wednesday. Allegion plc has a 12 month low of $103.19 and a 12 month high of $156.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 3.37 and a beta of 1.11. The firm has a fifty day simple moving average of $143.96 and a two-hundred day simple moving average of $132.59.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same period last year, the business posted $1.94 EPS. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. Allegion’s dividend payout ratio is 29.49%.

Allegion Profile

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.