Allegion plc (NYSE:ALLE) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its stake in Allegion plc (NYSE:ALLE) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,370 shares of the scientific and technical instruments company’s stock after selling 250 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Allegion were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. McClarren Financial Advisors Inc. boosted its holdings in 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 worth $27,000 after buying an additional 72 shares in the last quarter. Crewe Advisors LLC increased its holdings 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 buying an additional 149 shares in the last quarter. Concord Wealth Partners acquired a new position in shares of Allegion in the third quarter worth about $29,000. Cromwell Holdings LLC boosted its stake in shares of Allegion by 65.2% during the 3rd quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Gradient Investments LLC acquired a new stake in shares of Allegion during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 1.1 %

Shares of ALLE stock opened at $139.76 on Monday. Allegion plc has a fifty-two week low of $103.19 and a fifty-two week high of $156.10. 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’s fifty day moving average is $143.80 and its two-hundred day moving average is $131.73. The firm has a market capitalization of $12.15 billion, a P/E ratio of 21.47, a PEG ratio of 3.31 and a beta of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.98 by $0.18. The firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.94 earnings per share. Research analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a $0.48 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.37%. Allegion’s dividend payout ratio is presently 29.49%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho increased their price target on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays increased their target price on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research report on Monday, October 28th. Wells Fargo & Company boosted their price target on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, 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. One 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.com, the stock has a consensus rating of “Hold” and a consensus target price of $144.60.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.33% of the stock is currently owned by company insiders.

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.