Mission Wealth Management LP lifted its position in Allegion PLC (NYSE:ALLE) by 7.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,441 shares of the scientific and technical instruments company’s stock after buying an additional 233 shares during the period. Mission Wealth Management LP’s holdings in Allegion were worth $340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLE. Vigilant Capital Management LLC increased its holdings in Allegion by 1.3% during the 3rd quarter. Vigilant Capital Management LLC now owns 140,467 shares of the scientific and technical instruments company’s stock worth $13,894,000 after purchasing an additional 1,796 shares in the last quarter. Fortem Financial Group LLC bought a new position in Allegion during the 3rd quarter worth about $544,000. Braun Bostich & Associates Inc. bought a new position in Allegion during the 3rd quarter worth about $39,000. Hall Laurie J Trustee bought a new position in Allegion during the 3rd quarter worth about $40,000. Finally, Envestnet Asset Management Inc. increased its holdings in Allegion by 27.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 138,612 shares of the scientific and technical instruments company’s stock worth $13,710,000 after purchasing an additional 29,676 shares in the last quarter. Institutional investors and hedge funds own 93.52% of the company’s stock.

A number of equities analysts have issued reports on ALLE shares. Robert W. Baird increased their target price on Allegion from $85.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a research note on Tuesday, October 13th. Morgan Stanley increased their price objective on shares of Allegion from $95.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Finally, UBS Group initiated coverage on shares of Allegion in a research note on Tuesday, September 15th. They set a “neutral” rating and a $99.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $106.56.

Shares of NYSE:ALLE opened at $104.99 on Friday. Allegion PLC has a 52-week low of $77.37 and a 52-week high of $139.24. The company has a market capitalization of $9.68 billion, a P/E ratio of 34.31, a price-to-earnings-growth ratio of 4.11 and a beta of 1.12. The company has a 50-day simple moving average of $100.84 and a 200 day simple moving average of $100.03. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.47 and a current ratio of 2.11.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.13. Allegion had a net margin of 10.48% and a return on equity of 64.29%. The business had revenue of $589.50 million during the quarter, compared to the consensus estimate of $605.87 million. During the same period last year, the business posted $1.26 EPS. Allegion’s revenue was down 19.4% on a year-over-year basis. As a group, equities analysts forecast that Allegion PLC will post 4.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.28 annualized dividend and a yield of 1.22%. Allegion’s dividend payout ratio (DPR) is currently 26.18%.

Allegion Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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