Larson Financial Group LLC Grows Stock Position in Allegion plc (NYSE:ALLE)

Larson Financial Group LLC boosted its stake in shares of Allegion plc (NYSE:ALLE) by 51.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,477 shares of the scientific and technical instruments company’s stock after acquiring an additional 846 shares during the quarter. Larson Financial Group LLC’s holdings in Allegion were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ALLE. McClarren Financial Advisors Inc. boosted its stake in shares of Allegion by 61.0% during the third 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 period. Greenwich Wealth Management LLC boosted its position in Allegion by 0.5% during the 2nd quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after buying an additional 79 shares during the period. OneDigital Investment Advisors LLC grew its holdings in Allegion by 2.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock worth $425,000 after acquiring an additional 82 shares during the last quarter. Thrive Wealth Management LLC increased its position in shares of Allegion by 5.0% in the third quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock valued at $269,000 after acquiring an additional 88 shares during the period. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Allegion by 3.6% during the second quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 92 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Down 1.6 %

Shares of NYSE:ALLE opened at $140.40 on Wednesday. The firm has a market capitalization of $12.20 billion, a P/E ratio of 21.57, a P/E/G ratio of 3.37 and a beta of 1.11. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The stock has a 50 day moving average price of $143.96 and a 200-day moving average price of $132.59. Allegion plc has a 52-week low of $103.19 and a 52-week high of $156.10.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The business had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the company earned $1.94 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $144.92, for a total value of $1,164,432.20. Following the sale, the senior vice president now owns 7,104 shares in the company, valued at $1,029,511.68. This represents a 53.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ALLE. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays lifted their price objective on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Robert W. Baird upped their target price on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on shares of Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $144.60.

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.