Captrust Financial Advisors Has $516,000 Position in Allegion plc (NYSE:ALLE)

Captrust Financial Advisors increased its position in shares of Allegion plc (NYSE:ALLE) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,541 shares of the scientific and technical instruments company’s stock after buying an additional 96 shares during the quarter. Captrust Financial Advisors’ holdings in Allegion were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ALLE. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Allegion by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,741,165 shares of the scientific and technical instruments company’s stock valued at $442,019,000 after buying an additional 91,011 shares in the last quarter. Van ECK Associates Corp raised its position in Allegion by 1.3% in the third quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock worth $479,577,000 after purchasing an additional 39,905 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Allegion by 13.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock worth $277,581,000 after purchasing an additional 232,395 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Allegion by 397.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 606,901 shares of the scientific and technical instruments company’s stock valued at $88,450,000 after purchasing an additional 484,995 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Allegion by 483.1% in the 2nd quarter. Millennium Management LLC now owns 515,563 shares of the scientific and technical instruments company’s stock valued at $60,914,000 after purchasing an additional 427,146 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLE has been the subject of several analyst reports. Wells Fargo & Company raised their target price on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Mizuho boosted their target price on shares of 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 increased 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 boosted their price target on shares of Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a research 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 given a buy rating to the stock. Based on data from MarketBeat.com, Allegion has an average rating of “Hold” and a consensus price target of $144.60.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 8,035 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president now directly owns 7,104 shares in the company, valued at $1,029,511.68. This trade represents a 53.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John H. Stone acquired 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was bought at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the acquisition, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at $16,951,676.70. The trade was a 6.64 % increase in their position. The disclosure for this purchase can be found here. 0.33% of the stock is owned by company insiders.

Allegion Stock Performance

Shares of NYSE:ALLE opened at $139.23 on Friday. The business has a fifty day moving average of $143.17 and a 200-day moving average of $133.83. The firm has a market cap of $12.10 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10. 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 plc has a twelve month low of $107.92 and a twelve month high of $156.10.

Allegion (NYSE:ALLE) last announced its 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. 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 the consensus estimate of $970.70 million. During the same period in the previous year, the firm posted $1.94 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts predict that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

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.