Allegion plc (NYSE:ALLE) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd trimmed its position in shares of Allegion plc (NYSE:ALLE) by 17.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,676 shares of the scientific and technical instruments company’s stock after selling 8,856 shares during the period. Mediolanum International Funds Ltd’s holdings in Allegion were worth $5,982,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of Allegion during the first quarter worth approximately $2,271,000. BNP Paribas Financial Markets boosted its position in Allegion by 90.7% during the 1st quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after acquiring an additional 57,832 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Allegion by 5.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 215,829 shares of the scientific and technical instruments company’s stock worth $29,074,000 after purchasing an additional 10,896 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Allegion by 22.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 105,089 shares of the scientific and technical instruments company’s stock valued at $14,157,000 after purchasing an additional 19,570 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Allegion during the second quarter valued at about $3,762,000. Institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho increased their target price on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Allegion from $145.00 to $152.00 and gave the company a “neutral” rating in a report on Friday. Barclays boosted their target price on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price 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. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $144.20.

Allegion Price Performance

ALLE stock opened at $142.60 on Friday. Allegion plc has a one year low of $95.97 and a one year high of $156.10. The firm has a 50-day moving average of $142.34 and a two-hundred day moving average of $130.18. The firm has a market capitalization of $12.47 billion, a PE ratio of 23.26, a P/E/G ratio of 4.50 and a beta of 1.12. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40.

Allegion (NYSE:ALLE) last issued its quarterly 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 15.08% and a return on equity of 47.21%. The business had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. During the same quarter in the prior year, the firm earned $1.94 EPS. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 yield of 1.35%. Allegion’s payout ratio is presently 31.32%.

Allegion 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.