4,923 Shares in Allegion plc (NYSE:ALLE) Acquired by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd bought a new position in shares of Allegion plc (NYSE:ALLE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 4,923 shares of the scientific and technical instruments company’s stock, valued at approximately $717,000.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Allegion by 2.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 229,901 shares of the scientific and technical instruments company’s stock worth $30,971,000 after purchasing an additional 4,555 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in Allegion during the first quarter worth $662,000. B. Riley Wealth Advisors Inc. lifted its holdings in Allegion by 44.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,157 shares of the scientific and technical instruments company’s stock valued at $425,000 after buying an additional 969 shares during the period. Tidal Investments LLC boosted its position in Allegion by 11.1% during the first quarter. Tidal Investments LLC now owns 6,819 shares of the scientific and technical instruments company’s stock valued at $919,000 after acquiring an additional 681 shares during the last quarter. Finally, Swedbank AB acquired a new stake in Allegion during the 1st quarter worth about $9,570,000. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALLE. Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company increased their price target on Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Barclays lifted their price objective 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. Finally, Mizuho increased their target price on shares of Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $144.60.

Allegion Trading Up 0.7 %

NYSE ALLE opened at $141.41 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.71 and a debt-to-equity ratio of 1.26. Allegion plc has a 52 week low of $103.19 and a 52 week high of $156.10. The business has a 50 day moving average price of $143.87 and a 200-day moving average price of $132.72. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 21.72, a P/E/G ratio of 3.40 and a beta of 1.11.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating 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 business 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 posted $1.94 EPS. Allegion’s quarterly revenue was up 5.4% on a year-over-year basis. As a group, equities analysts expect that Allegion plc will post 7.41 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the firm’s 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 transaction, the senior vice president now directly owns 7,104 shares in the company, valued at approximately $1,029,511.68. This trade represents a 53.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.

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.