Allegion PLC (ALLE) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in Allegion PLC (NYSE:ALLE) by 19.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,028 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,275 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Allegion were worth $1,730,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALLE. QS Investors LLC lifted its holdings in Allegion by 1.2% during the second quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after buying an additional 16 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Allegion by 1.0% during the second quarter. Oppenheimer & Co. Inc. now owns 8,979 shares of the scientific and technical instruments company’s stock worth $729,000 after buying an additional 88 shares during the period. Wilen Investment Management CORP. lifted its holdings in Allegion by 1.6% during the second quarter. Wilen Investment Management CORP. now owns 6,420 shares of the scientific and technical instruments company’s stock worth $517,000 after buying an additional 100 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Allegion by 3.4% during the second quarter. Thrivent Financial For Lutherans now owns 3,621 shares of the scientific and technical instruments company’s stock worth $294,000 after buying an additional 120 shares during the period. Finally, Suntrust Banks Inc. lifted its holdings in Allegion by 5.5% during the second quarter. Suntrust Banks Inc. now owns 2,923 shares of the scientific and technical instruments company’s stock worth $236,000 after buying an additional 153 shares during the period. 89.48% of the stock is currently owned by institutional investors.

Shares of Allegion PLC (NYSE:ALLE) opened at $82.28 on Friday. Allegion PLC has a twelve month low of $63.71 and a twelve month high of $89.81. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The company has a market capitalization of $7,820.14, a price-to-earnings ratio of 22.42, a PEG ratio of 1.54 and a beta of 1.08.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 EPS for the quarter, meeting the consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The firm had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. sell-side analysts expect that Allegion PLC will post 3.79 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.78%. Allegion’s dividend payout ratio is presently 18.18%.

A number of research firms have weighed in on ALLE. Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered Allegion from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Wells Fargo & Company restated an “outperform” rating and set a $100.00 target price (up previously from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Robert W. Baird restated a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.75.

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About Allegion

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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