Allegion plc (NYSE:ALLE) Short Interest Update

Allegion plc (NYSE:ALLE) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,540,000 shares, a growth of 5.5% from the November 30th total of 1,460,000 shares. Based on an average daily trading volume, of 845,100 shares, the short-interest ratio is presently 1.8 days. Currently, 1.8% of the shares of the company are sold short.

Insider Transactions at Allegion

In other news, CEO John H. Stone bought 7,500 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,481 shares in the company, valued at approximately $16,951,676.70. The trade was a 6.64 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction 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 represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Allegion

A number of institutional investors and hedge funds have recently bought and sold shares of ALLE. JPMorgan Chase & Co. raised its holdings in shares of Allegion by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 801,520 shares of the scientific and technical instruments company’s stock worth $116,814,000 after acquiring an additional 192,609 shares during the last quarter. Principal Financial Group Inc. raised its stake in Allegion by 2.4% in 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 purchasing an additional 2,878 shares during the last quarter. Lord Abbett & CO. LLC lifted its holdings in Allegion by 96.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock valued at $244,063,000 after purchasing an additional 823,874 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Allegion during the 3rd quarter worth about $15,508,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Allegion during the third quarter worth about $311,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ALLE shares. Mizuho increased their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird increased their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Barclays raised their target price on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company upped their price target on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $144.60.

Allegion Stock Down 0.2 %

ALLE opened at $130.68 on Thursday. 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 company has a market cap of $11.36 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 3.35 and a beta of 1.10. Allegion has a one year low of $113.27 and a one year high of $156.10. The business’s fifty day moving average is $138.75 and its two-hundred day moving average is $135.31.

Allegion (NYSE:ALLE) last released its quarterly earnings data 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 business had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts anticipate that Allegion will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 annualized dividend and a dividend yield of 1.47%. Allegion’s dividend payout ratio is currently 29.49%.

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.