866,131 Allegion PLC $ALLE Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its position in Allegion PLC (NYSE:ALLE) by 30,063.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 869,012 shares of the scientific and technical instruments company’s stock after buying an additional 866,131 shares during the quarter. Allegion accounts for 1.0% of International Assets Investment Management LLC’s holdings, making the stock its 11th largest holding. International Assets Investment Management LLC owned about 1.03% of Allegion worth $133,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Allegion by 964.6% during the second quarter. Wellington Management Group LLP now owns 356,725 shares of the scientific and technical instruments company’s stock worth $50,116,000 after buying an additional 323,218 shares during the period. Hawk Ridge Capital Management LP grew its holdings in Allegion by 32.9% in the first quarter. Hawk Ridge Capital Management LP now owns 802,807 shares of the scientific and technical instruments company’s stock worth $116,640,000 after purchasing an additional 198,800 shares during the last quarter. Rit Capital Partners PLC acquired a new position in shares of Allegion during the first quarter worth $21,786,000. Hsbc Holdings PLC increased its position in shares of Allegion by 408.0% during the first quarter. Hsbc Holdings PLC now owns 175,098 shares of the scientific and technical instruments company’s stock worth $25,409,000 after purchasing an additional 140,629 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of Allegion by 3,038.1% during the second quarter. Assenagon Asset Management S.A. now owns 134,845 shares of the scientific and technical instruments company’s stock worth $18,944,000 after purchasing an additional 130,548 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Activity at Allegion

In related news, SVP Timothy P. Eckersley sold 6,364 shares of Allegion stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $178.62, for a total value of $1,136,737.68. Following the sale, the senior vice president directly owned 22,028 shares in the company, valued at approximately $3,934,641.36. The trade was a 22.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Mizell acquired 170 shares of the business’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the completion of the purchase, the director owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders sold 11,833 shares of company stock valued at $2,104,090. 0.64% of the stock is owned by corporate insiders.

Allegion Stock Performance

Shares of ALLE stock opened at $186.58 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.94. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $189.59. The business’s 50 day moving average is $158.50 and its two-hundred day moving average is $150.81. The company has a market capitalization of $15.73 billion, a P/E ratio of 21.40, a P/E/G ratio of 2.11 and a beta of 0.81.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.10. Allegion had a net margin of 15.74% and a return on equity of 35.52%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $2.30 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. Analysts expect that Allegion PLC will post 9.10 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.2%. Allegion’s dividend payout ratio (DPR) is currently 27.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ALLE. Morgan Stanley set a $170.00 price target on shares of Allegion in a research note on Monday. Robert W. Baird set a $196.00 price objective on shares of Allegion in a research note on Friday, October 23rd. Bank of America raised shares of Allegion from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $164.00 to $200.00 in a report on Friday, October 23rd. The Goldman Sachs Group upped their target price on Allegion from $182.00 to $206.00 and gave the company a “buy” rating in a research report on Monday. Finally, Mizuho set a $180.00 target price on Allegion in a research note on Friday, October 23rd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Allegion has an average rating of “Moderate Buy” and a consensus price target of $179.60.

About Allegion

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.