Versor Investments LP Makes New $627,000 Investment in Allegion plc (NYSE:ALLE)

Versor Investments LP acquired a new stake in Allegion plc (NYSE:ALLE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,300 shares of the scientific and technical instruments company’s stock, valued at approximately $627,000.

A number of other hedge funds have also modified their holdings of ALLE. McClarren Financial Advisors Inc. grew its position in Allegion by 61.0% in 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 acquiring an additional 72 shares during the period. Greenwich Wealth Management LLC increased its position in shares of Allegion by 0.5% during the 2nd quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock worth $1,761,000 after purchasing an additional 79 shares in the last quarter. Thrive Wealth Management LLC lifted its holdings 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 last quarter. Crossmark Global Holdings Inc. boosted its position in Allegion by 3.6% in the second quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock valued at $310,000 after buying an additional 92 shares in the last quarter. Finally, Cromwell Holdings LLC grew its stake 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 worth $34,000 after buying an additional 92 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Price Performance

Allegion stock opened at $140.83 on Thursday. The stock has a market cap of $12.24 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.36 and a beta of 1.11. Allegion plc has a 12-month low of $103.19 and a 12-month high of $156.10. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. The business’s 50-day simple moving average is $143.58 and its 200 day simple moving average is $131.49.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 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 during the quarter, compared to analysts’ expectations of $970.70 million. During the same quarter in the previous year, the company earned $1.94 EPS. Allegion’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts anticipate that Allegion plc will post 7.45 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is currently 29.49%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ALLE. Barclays lifted their target price on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Wells Fargo & Company increased their target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Mizuho raised their target price on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target 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, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $144.60.

Insider Transactions at Allegion

In related news, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction dated 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 completion of the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.33% of the stock is owned by corporate insiders.

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.