Allegion plc (NYSE:ALLE) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its position in shares of Allegion plc (NYSE:ALLE) by 8.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,462 shares of the scientific and technical instruments company’s stock after acquiring an additional 773 shares during the period. Metis Global Partners LLC’s holdings in Allegion were worth $1,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ALLE. McClarren Financial Advisors Inc. grew its stake in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Crewe Advisors LLC grew its stake in Allegion by 160.2% during the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 149 shares in the last quarter. Concord Wealth Partners purchased a new stake in Allegion during the 3rd quarter worth about $29,000. Cromwell Holdings LLC raised its position in Allegion by 65.2% in the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 92 shares in the last quarter. Finally, Gradient Investments LLC purchased a new position in shares of Allegion in the 2nd quarter valued at about $38,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Trading Down 1.1 %

NYSE ALLE opened at $139.76 on Friday. The firm’s fifty day moving average price is $143.80 and its 200 day moving average price is $131.66. Allegion plc has a 12 month low of $103.19 and a 12 month high of $156.10. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 3.34 and a beta of 1.11.

Allegion (NYSE:ALLE) last issued 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 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 for the quarter, compared to analyst estimates of $970.70 million. During the same quarter last year, the company posted $1.94 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, sell-side analysts expect that Allegion plc will post 7.45 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid 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 is currently 29.49%.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ALLE. Mizuho upped their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays raised their price objective on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Robert W. Baird boosted their target price on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, StockNews.com raised Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.