KBC Group NV Has $1.80 Million Stock Holdings in Allegion plc (NYSE:ALLE)

KBC Group NV increased its holdings in Allegion plc (NYSE:ALLE) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,374 shares of the scientific and technical instruments company’s stock after purchasing an additional 875 shares during the period. KBC Group NV’s holdings in Allegion were worth $1,803,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ALLE. McClarren Financial Advisors Inc. raised its stake in shares of 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 last quarter. Crewe Advisors LLC raised its stake in shares of Allegion by 160.2% in the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after acquiring an additional 149 shares during the last quarter. Concord Wealth Partners bought a new position in shares of Allegion in the third quarter valued at approximately $29,000. Cromwell Holdings LLC raised its stake in shares of Allegion by 65.2% in the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 92 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Allegion in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 8,035 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the completion of the transaction, the senior vice president now owns 7,104 shares of the company’s stock, valued at $1,029,511.68. The trade was a 53.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. 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. Mizuho boosted their price objective on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Wells Fargo & Company boosted their price objective on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Finally, Robert W. Baird boosted their price objective 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $144.60.

Allegion Price Performance

ALLE opened at $138.64 on Tuesday. The company has a fifty day moving average price of $143.80 and a two-hundred day moving average price of $131.81. 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 52 week low of $103.19 and a 52 week high of $156.10. The firm has a market capitalization of $12.05 billion, a PE ratio of 21.51, a P/E/G ratio of 3.31 and a beta of 1.11.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS 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 firm had revenue of $967.10 million during the quarter, compared to analyst estimates of $970.70 million. During the same quarter in the previous year, the business earned $1.94 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, analysts anticipate that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, September 20th. Allegion’s dividend payout ratio 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.