Crossmark Global Holdings Inc. Acquires 9,090 Shares of Allegion plc (NYSE:ALLE)

Crossmark Global Holdings Inc. lifted its holdings in Allegion plc (NYSE:ALLEFree Report) by 383.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,460 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,090 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Allegion were worth $1,497,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ALLE. McClarren Financial Advisors Inc. lifted its position in shares of Allegion by 61.0% in the third quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. Brooklyn Investment Group bought a new stake in Allegion during the third quarter worth $28,000. Concord Wealth Partners bought a new stake in Allegion during the third quarter worth $29,000. Cromwell Holdings LLC raised its position in Allegion by 65.2% during the third quarter. Cromwell Holdings LLC now owns 233 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 92 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new stake in Allegion during the second quarter worth $39,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ALLE. Barclays dropped their price target on shares of Allegion from $137.00 to $134.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley began coverage on shares of Allegion in a research report on Monday, January 6th. They set an “equal weight” rating and a $137.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Mizuho upped their price objective on shares of Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird upped 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, October 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $140.83.

Check Out Our Latest Report on ALLE

Allegion Trading Up 0.9 %

ALLE stock opened at $133.31 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. The company’s 50-day simple moving average is $135.39 and its 200 day simple moving average is $136.79. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The company has a market capitalization of $11.59 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 3.34 and a beta of 1.11.

Allegion (NYSE:ALLEGet Free Report) last released 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 15.36% and a return on equity of 45.64%. The business had revenue of $967.10 million for the quarter, compared to the consensus estimate of $970.70 million. During the same period in the prior year, the company posted $1.94 earnings per share. Allegion’s revenue was up 5.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. Allegion’s payout ratio is 29.49%.

Insiders Place Their Bets

In other news, CEO John H. Stone acquired 7,500 shares of Allegion stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average cost of $140.70 per share, for a total transaction of $1,055,250.00. Following the completion of the purchase, the chief executive officer now directly owns 120,481 shares of the company’s stock, valued at approximately $16,951,676.70. This represents a 6.64 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

About Allegion

(Free Report)

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.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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