Allegion plc (NYSE:ALLE) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. cut its position in Allegion plc (NYSE:ALLE) by 26.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 321 shares of the scientific and technical instruments company’s stock after selling 114 shares during the quarter. First Horizon Advisors Inc.’s holdings in Allegion were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ALLE. NS Partners Ltd raised its position in shares of Allegion by 2.2% in the 3rd quarter. NS Partners Ltd now owns 78,353 shares of the scientific and technical instruments company’s stock valued at $11,419,000 after purchasing an additional 1,691 shares in the last quarter. Pathstone Holdings LLC lifted its holdings in Allegion by 4.9% during the 3rd quarter. Pathstone Holdings LLC now owns 12,767 shares of the scientific and technical instruments company’s stock worth $1,861,000 after buying an additional 596 shares during the last quarter. Thrivent Financial for Lutherans grew its position in shares of Allegion by 42.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,265 shares of the scientific and technical instruments company’s stock worth $768,000 after acquiring an additional 1,576 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Allegion by 6.7% during the 3rd quarter. Natixis Advisors LLC now owns 110,533 shares of the scientific and technical instruments company’s stock valued at $16,109,000 after acquiring an additional 6,959 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Allegion by 107.6% during the 3rd quarter. CIBC Asset Management Inc now owns 24,424 shares of the scientific and technical instruments company’s stock valued at $3,560,000 after acquiring an additional 12,659 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Down 0.0 %

ALLE opened at $141.38 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.71 and a quick ratio of 1.29. Allegion plc has a 12 month low of $103.19 and a 12 month high of $156.10. The stock’s 50 day moving average price is $144.02 and its 200 day moving average price is $132.31. The stock has a market cap of $12.29 billion, a P/E ratio of 21.72, a P/E/G ratio of 3.37 and a beta of 1.11.

Allegion (NYSE:ALLE) last issued its quarterly 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 analyst estimates of $970.70 million. During the same period in the prior year, the business posted $1.94 EPS. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts predict that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 20th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio is presently 29.49%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALLE. Wells Fargo & Company raised their price target 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. Robert W. Baird raised their price target on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays upped their price objective on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, Mizuho boosted their price target on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $144.60.

Insider Activity

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction that occurred 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 transaction, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. The trade was a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

About Allegion

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.