Walleye Capital LLC Sells 10,516 Shares of Allegion plc (NYSE:ALLE)

Walleye Capital LLC lessened its holdings in shares of Allegion plc (NYSE:ALLE) by 24.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,032 shares of the scientific and technical instruments company’s stock after selling 10,516 shares during the period. Walleye Capital LLC’s holdings in Allegion were worth $4,668,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ALLE. McClarren Financial Advisors Inc. increased its position in shares of Allegion by 61.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Greenwich Wealth Management LLC increased its stake in shares of Allegion by 0.5% during the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after buying an additional 79 shares during the period. OneDigital Investment Advisors LLC boosted its position in Allegion by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 82 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in Allegion by 5.0% in the third quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after acquiring an additional 88 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its stake in shares of Allegion by 3.6% in the second quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $310,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of Allegion stock in a transaction on Friday, October 25th. The stock was sold at an average price of $144.92, for a total transaction of $1,164,432.20. Following the completion of the transaction, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALLE shares. Robert W. Baird lifted their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Mizuho boosted their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company upped their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Barclays boosted their price objective on Allegion from $135.00 to $137.00 and gave the company an “underweight” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently 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 $140.84 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The business’s 50 day simple moving average is $143.88 and its 200-day simple moving average is $132.89. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.36 and a beta of 1.11. Allegion plc has a twelve month low of $103.57 and a twelve month high of $156.10.

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, beating 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 business 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 earned $1.94 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts forecast that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Announces Dividend

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

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.