CENTRAL TRUST Co Reduces Stock Position in Allegion plc (NYSE:ALLE)

CENTRAL TRUST Co lessened its holdings in shares of Allegion plc (NYSE:ALLE) by 46.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 264 shares of the scientific and technical instruments company’s stock after selling 229 shares during the period. CENTRAL TRUST Co’s holdings in Allegion were worth $38,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. McClarren Financial Advisors Inc. increased 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 buying an additional 72 shares during the period. Greenwich Wealth Management LLC boosted its holdings in Allegion by 0.5% in the second 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 acquiring an additional 79 shares in the last quarter. Thrive Wealth Management LLC increased its position in Allegion by 5.0% during the 3rd quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock valued at $269,000 after purchasing an additional 88 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Allegion by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $310,000 after purchasing an additional 92 shares in the last quarter. Finally, Pitcairn Co. lifted its position in shares of Allegion by 3.5% in the 1st quarter. Pitcairn Co. now owns 2,784 shares of the scientific and technical instruments company’s stock worth $375,000 after purchasing an additional 94 shares during the period. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $142.60 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The stock has a market cap of $12.47 billion, a P/E ratio of 23.26, a P/E/G ratio of 4.50 and a beta of 1.12. The business’s 50 day moving average price is $142.34 and its 200-day moving average price is $130.15. Allegion plc has a 52 week low of $95.97 and a 52 week high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The business had revenue of $967.10 million during the quarter, compared to analysts’ expectations of $970.70 million. During the same quarter in the previous year, the business earned $1.94 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is 31.32%.

Analyst Ratings Changes

ALLE has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Robert W. Baird increased their target price on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company lifted their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, Barclays increased their price objective on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Allegion presently has an average rating of “Hold” and an average price target of $144.20.

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.