Allegion plc (NYSE:ALLE) Shares Acquired by Foyston Gordon & Payne Inc

Foyston Gordon & Payne Inc increased its stake in Allegion plc (NYSE:ALLE) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,655 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,762 shares during the quarter. Allegion makes up 2.4% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 15th largest holding. Foyston Gordon & Payne Inc owned about 0.07% of Allegion worth $9,423,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALLE. McClarren Financial Advisors Inc. grew its holdings 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 buying an additional 72 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of Allegion in the third quarter worth $28,000. Concord Wealth Partners acquired a new position in Allegion in the 3rd quarter worth about $29,000. Cromwell Holdings LLC raised its position in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Crewe Advisors LLC lifted its stake in 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 acquiring an additional 149 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

ALLE has been the topic of several analyst reports. Robert W. Baird increased their price target 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. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company upped their price target on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays raised their price objective on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $144.60.

Insider Activity

In related news, CEO John H. Stone bought 7,500 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average cost of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now owns 120,481 shares in the company, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert C. Martens sold 8,035 shares of the firm’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 transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by company insiders.

Allegion Stock Up 0.7 %

ALLE opened at $141.43 on Tuesday. Allegion plc has a 1-year low of $107.92 and a 1-year high of $156.10. The business has a 50 day moving average of $143.50 and a 200-day moving average of $133.62. The stock has a market capitalization of $12.29 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 3.35 and a beta of 1.10. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26.

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 the consensus estimate of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The company had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the previous year, the firm posted $1.94 EPS. The business’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion’s payout ratio is presently 29.49%.

Allegion Company 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.