3,916 Shares in Allegion PLC (NYSE:ALLE) Acquired by Symmetry Partners LLC

Symmetry Partners LLC acquired a new position in shares of Allegion PLC (NYSE:ALLE) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,916 shares of the scientific and technical instruments company’s stock, valued at approximately $406,000.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Allegion in the 2nd quarter valued at $33,000. HBK Sorce Advisory LLC purchased a new stake in shares of Allegion during the 2nd quarter valued at $40,000. Golden State Wealth Management LLC grew its stake in shares of Allegion by 1,923.1% during the 2nd quarter. Golden State Wealth Management LLC now owns 526 shares of the scientific and technical instruments company’s stock valued at $58,000 after buying an additional 500 shares during the period. Coastal Investment Advisors Inc. grew its stake in shares of Allegion by 191.0% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 582 shares of the scientific and technical instruments company’s stock valued at $60,000 after buying an additional 382 shares during the period. Finally, Usca Ria LLC purchased a new stake in shares of Allegion during the 3rd quarter valued at $65,000. Hedge funds and other institutional investors own 93.15% of the company’s stock.

Allegion stock traded up $0.20 during trading on Friday, reaching $115.47. 79,743 shares of the company’s stock were exchanged, compared to its average volume of 796,652. The company’s 50-day moving average is $106.48 and its two-hundred day moving average is $103.00. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.30 and a current ratio of 1.90. Allegion PLC has a 52-week low of $74.83 and a 52-week high of $119.39. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 2.07 and a beta of 1.17.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.14. Allegion had a net margin of 16.00% and a return on equity of 69.28%. The firm had revenue of $748.30 million during the quarter, compared to analysts’ expectations of $737.64 million. During the same period in the prior year, the company earned $1.23 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that Allegion PLC will post 4.89 EPS for the current year.

ALLE has been the subject of several research reports. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Monday, October 28th. Bank of America set a $125.00 price objective on shares of Allegion and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on shares of Allegion from $100.00 to $105.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. ValuEngine cut shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays reissued a “buy” rating and set a $120.00 price objective on shares of Allegion in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $114.63.

In other Allegion news, CFO Patrick S. Shannon sold 20,421 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $115.43, for a total value of $2,357,196.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy P. Eckersley sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $116.13, for a total transaction of $1,161,300.00. Following the completion of the transaction, the vice president now directly owns 37,710 shares of the company’s stock, valued at $4,379,262.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,645 shares of company stock valued at $5,862,284. 0.77% of the stock is owned by corporate insiders.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile access control systems; exit devices; locks, locksets, portable locks, and key systems; time, attendance, and workforce productivity systems; and other accessories.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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