WINTON GROUP Ltd bought a new stake in Allegion PLC (NYSE:ALLE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,994 shares of the scientific and technical instruments company’s stock, valued at approximately $345,000.
Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Allegion by 1.9% during the second quarter. Vanguard Group Inc. now owns 9,295,692 shares of the scientific and technical instruments company’s stock worth $754,067,000 after acquiring an additional 175,432 shares in the last quarter. BlackRock Inc. raised its holdings in Allegion by 14.3% during the second quarter. BlackRock Inc. now owns 5,955,519 shares of the scientific and technical instruments company’s stock valued at $483,111,000 after buying an additional 746,516 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Allegion by 7.3% during the third quarter. JPMorgan Chase & Co. now owns 5,738,702 shares of the scientific and technical instruments company’s stock valued at $492,149,000 after buying an additional 390,699 shares in the last quarter. State Street Corp raised its holdings in Allegion by 2.9% during the second quarter. State Street Corp now owns 5,207,209 shares of the scientific and technical instruments company’s stock valued at $422,400,000 after buying an additional 146,138 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Allegion by 0.8% during the second quarter. American Century Companies Inc. now owns 1,901,388 shares of the scientific and technical instruments company’s stock valued at $154,241,000 after buying an additional 14,656 shares in the last quarter. Institutional investors and hedge funds own 89.48% of the company’s stock.
Several research firms have weighed in on ALLE. Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. Robert W. Baird set a $85.00 target price on Allegion and gave the company a “hold” rating in a report on Thursday, August 24th. BidaskClub upgraded Allegion from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd. Wells Fargo & Company restated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $89.75.
Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The business had revenue of $609.40 million for the quarter, compared to the consensus estimate of $622.18 million. During the same period last year, the business earned $0.93 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. analysts anticipate that Allegion PLC will post 3.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Monday, December 18th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Friday, December 15th. Allegion’s dividend payout ratio is 18.18%.
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Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric 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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