BNP Paribas Financial Markets Purchases 39,657 Shares of Allegion plc (NYSE:ALLE)

BNP Paribas Financial Markets boosted its position in Allegion plc (NYSE:ALLE) by 35.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,765 shares of the scientific and technical instruments company’s stock after purchasing an additional 39,657 shares during the period. BNP Paribas Financial Markets owned 0.17% of Allegion worth $22,118,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Allegion in the second quarter valued at approximately $3,762,000. QRG Capital Management Inc. increased its position in Allegion by 118.4% in the 2nd quarter. QRG Capital Management Inc. now owns 16,277 shares of the scientific and technical instruments company’s stock valued at $1,923,000 after acquiring an additional 8,824 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in shares of Allegion during the first quarter valued at $662,000. Renaissance Technologies LLC acquired a new position in shares of Allegion during the second quarter worth $27,056,000. Finally, Raymond James & Associates grew its stake in shares of Allegion by 1.8% in the second quarter. Raymond James & Associates now owns 447,195 shares of the scientific and technical instruments company’s stock worth $52,836,000 after purchasing an additional 7,780 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Robert C. Martens sold 8,035 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ALLE shares. 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. Barclays raised their price objective on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Robert W. Baird upped their target price on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Mizuho raised their price target on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $144.60.

Allegion Stock Down 0.4 %

Shares of Allegion stock opened at $140.88 on Friday. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 3.37 and a beta of 1.11. The stock’s 50-day moving average is $143.88 and its 200 day moving average is $132.82. 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 one year low of $103.57 and a one year high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, topping the consensus estimate 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 quarter last year, the firm posted $1.94 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

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

Allegion Company 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.