Allegion plc (NYSE:ALLE) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its stake in Allegion plc (NYSE:ALLE) by 10.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,544 shares of the scientific and technical instruments company’s stock after selling 179 shares during the period. Sigma Planning Corp’s holdings in Allegion were worth $225,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALLE. Covestor Ltd raised its holdings in Allegion by 29.1% in the third quarter. Covestor Ltd now owns 617 shares of the scientific and technical instruments company’s stock valued at $90,000 after buying an additional 139 shares during the period. Assetmark Inc. raised its stake in shares of Allegion by 8.9% in the 3rd quarter. Assetmark Inc. now owns 9,112 shares of the scientific and technical instruments company’s stock valued at $1,328,000 after acquiring an additional 743 shares during the period. Portside Wealth Group LLC raised its stake in shares of Allegion by 6.9% in the 3rd quarter. Portside Wealth Group LLC now owns 2,694 shares of the scientific and technical instruments company’s stock valued at $393,000 after acquiring an additional 174 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Allegion by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 122,481 shares of the scientific and technical instruments company’s stock valued at $17,850,000 after acquiring an additional 2,878 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Allegion by 1.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 33,803 shares of the scientific and technical instruments company’s stock worth $4,926,000 after purchasing an additional 514 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on ALLE. Mizuho boosted their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company boosted their price target on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. 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 report on Friday, October 25th. Finally, Barclays raised their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $144.60.

Insider Transactions at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred 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 of the company’s stock, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $139.76 on Monday. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 3.31 and a beta of 1.11. The stock’s fifty day moving average is $143.80 and its 200-day moving average is $131.73. Allegion plc has a one year low of $103.19 and a one year 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.

Allegion (NYSE:ALLE) last issued its quarterly earnings results 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 45.64% and a net margin of 15.36%. The firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same period last year, the company posted $1.94 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. Equities analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.37%. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

About Allegion

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.