Allegion plc (NYSE:ALLE) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Allegion plc (NYSE:ALLE) by 397.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,901 shares of the scientific and technical instruments company’s stock after buying an additional 484,995 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.70% of Allegion worth $88,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Allegion by 13.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,343 shares of the scientific and technical instruments company’s stock valued at $4,422,000 after purchasing an additional 3,589 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Allegion in the third quarter worth $889,000. Freedom Investment Management Inc. purchased a new stake in shares of Allegion during the third quarter worth $676,000. Townsquare Capital LLC increased its position in shares of Allegion by 4.4% during the third quarter. Townsquare Capital LLC now owns 23,928 shares of the scientific and technical instruments company’s stock worth $3,487,000 after acquiring an additional 1,004 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new position in Allegion in the third quarter valued at $83,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent research reports. Robert W. Baird upped 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. 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. Barclays lifted their price target on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company boosted their price target on shares of Allegion from $137.00 to $152.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus target price of $144.60.

Allegion Trading Down 0.4 %

ALLE opened at $140.34 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion plc has a one year low of $104.25 and a one year high of $156.10. The company has a market cap of $12.20 billion, a P/E ratio of 21.56, a PEG ratio of 3.36 and a beta of 1.11. The business’s 50-day simple moving average is $143.83 and its 200-day simple moving average is $133.00.

Allegion (NYSE:ALLE) last released its quarterly earnings data 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. The company had revenue of $967.10 million for the quarter, compared to analysts’ expectations of $970.70 million. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the company earned $1.94 earnings per share. As a group, equities research analysts expect that Allegion plc will post 7.41 EPS for the current fiscal year.

Allegion Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.37%. Allegion’s dividend payout ratio (DPR) is presently 29.49%.

Insiders Place Their Bets

In other news, SVP Robert C. Martens sold 8,035 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 7,104 shares of the company’s stock, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.