Rockefeller Capital Management L.P. Raises Stake in Allegion plc (NYSE:ALLE)

Rockefeller Capital Management L.P. boosted its holdings in Allegion plc (NYSE:ALLE) by 0.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 110,207 shares of the scientific and technical instruments company’s stock after purchasing an additional 973 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.13% of Allegion worth $16,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. B. Riley Wealth Advisors Inc. increased its position in Allegion by 44.3% during the 1st 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 in the last quarter. Tidal Investments LLC increased its holdings in shares of 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 in the last quarter. Cetera Investment Advisers raised its position in shares of Allegion by 280.4% in the 1st quarter. Cetera Investment Advisers now owns 13,091 shares of the scientific and technical instruments company’s stock worth $1,763,000 after purchasing an additional 9,650 shares during the last quarter. Cetera Advisors LLC grew its position in Allegion by 90.5% during the 1st quarter. Cetera Advisors LLC now owns 4,891 shares of the scientific and technical instruments company’s stock valued at $659,000 after purchasing an additional 2,324 shares during the last quarter. Finally, CWM LLC grew its position in Allegion by 47.3% during the 2nd quarter. CWM LLC now owns 3,018 shares of the scientific and technical instruments company’s stock valued at $357,000 after purchasing an additional 969 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Mizuho upped 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. Wells Fargo & Company upped their price objective on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Barclays lifted their target price on Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Finally, Robert W. Baird upped their price target on Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $144.60.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 8,035 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 7,104 shares of the company’s stock, 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 document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is owned by corporate insiders.

Allegion Price Performance

Shares of ALLE opened at $140.84 on Monday. The firm has a fifty day simple moving average of $143.88 and a two-hundred day simple moving average of $132.89. The firm has a market cap of $12.24 billion, a PE ratio of 21.63, a P/E/G ratio of 3.36 and a beta of 1.11. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. Allegion plc has a 1-year low of $103.57 and a 1-year high of $156.10.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. The company had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 45.64% and a net margin of 15.36%. Allegion’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.94 earnings per share. On average, equities analysts anticipate that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. 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 dividend payout ratio (DPR) is 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.