Allegion PLC $ALLE Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Allegion PLC (NYSE:ALLE) by 64.7% during the third quarter, HoldingsChannel reports. The firm owned 7,449 shares of the scientific and technical instruments company’s stock after buying an additional 2,925 shares during the quarter. Vise Technologies Inc.’s holdings in Allegion were worth $1,145,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ALLE. State of Wyoming lifted its position in Allegion by 15.8% in the third quarter. State of Wyoming now owns 5,917 shares of the scientific and technical instruments company’s stock worth $910,000 after buying an additional 806 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Allegion by 30,063.6% during the third quarter. International Assets Investment Management LLC now owns 869,012 shares of the scientific and technical instruments company’s stock worth $133,628,000 after buying an additional 866,131 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Allegion during the third quarter valued at $3,675,000. Parcion Private Wealth LLC bought a new position in Allegion during the third quarter valued at $328,000. Finally, Choreo LLC raised its stake in shares of Allegion by 23.8% in the third quarter. Choreo LLC now owns 3,869 shares of the scientific and technical instruments company’s stock valued at $595,000 after acquiring an additional 743 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

ALLE opened at $185.48 on Friday. The business has a fifty day moving average of $161.34 and a 200 day moving average of $151.48. The stock has a market cap of $15.64 billion, a P/E ratio of 23.10, a PEG ratio of 2.09 and a beta of 0.82. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.94. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $195.42.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allegion PLC will post 9.10 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is currently 27.40%.

Analyst Ratings Changes

ALLE has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on shares of Allegion from $182.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Mizuho set a $180.00 price target on shares of Allegion in a report on Friday, October 23rd. Evercore reiterated an “outperform” rating and set a $180.00 price target on shares of Allegion in a report on Tuesday, September 22nd. Robert W. Baird set a $196.00 price objective on shares of Allegion in a research report on Friday, October 23rd. Finally, Weiss Ratings raised shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Allegion presently has an average rating of “Moderate Buy” and an average target price of $180.70.

Insider Activity at Allegion

In other Allegion news, SVP Tracy Kemp sold 4,469 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $178.81, for a total value of $799,101.89. Following the completion of the sale, the senior vice president directly owned 11,358 shares of the company’s stock, valued at $2,030,923.98. The trade was a 28.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Mizell bought 170 shares of Allegion stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the transaction, the director owned 5,899 shares of the company’s stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by company insiders.

About Allegion

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware.

The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.

Allegion was formed in 2013 when it separated from Ingersoll Rand.