Teachers Retirement System of The State of Kentucky Has $948,000 Stake in Allegion plc (NYSE:ALLE)

Teachers Retirement System of The State of Kentucky cut its stake in Allegion plc (NYSE:ALLE) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,499 shares of the scientific and technical instruments company’s stock after selling 665 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Allegion were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ALLE. McClarren Financial Advisors Inc. raised its position in Allegion by 61.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 190 shares of the scientific and technical instruments company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Greenwich Wealth Management LLC raised its holdings in shares of Allegion by 0.5% in the second quarter. Greenwich Wealth Management LLC now owns 14,908 shares of the scientific and technical instruments company’s stock valued at $1,761,000 after purchasing an additional 79 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Allegion by 2.9% during the third quarter. OneDigital Investment Advisors LLC now owns 2,913 shares of the scientific and technical instruments company’s stock valued at $425,000 after purchasing an additional 82 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in Allegion by 5.0% during the third quarter. Thrive Wealth Management LLC now owns 1,844 shares of the scientific and technical instruments company’s stock worth $269,000 after purchasing an additional 88 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Allegion by 3.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 2,620 shares of the scientific and technical instruments company’s stock worth $310,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of NYSE ALLE opened at $132.48 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.29 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $142.41 and a two-hundred day simple moving average of $134.35. Allegion plc has a 1-year low of $113.27 and a 1-year high of $156.10. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 3.35 and a beta of 1.10.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.18. Allegion had a return on equity of 45.64% and a net margin of 15.36%. The company 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 company earned $1.94 EPS. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts anticipate that Allegion plc will post 7.41 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, December 17th. Allegion’s dividend payout ratio (DPR) is currently 29.49%.

Insider Activity at Allegion

In related news, CEO John H. Stone bought 7,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was acquired at an average price of $140.70 per share, for a total transaction of $1,055,250.00. Following the purchase, the chief executive officer now directly owns 120,481 shares in the company, valued at $16,951,676.70. This trade represents a 6.64 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert C. Martens sold 8,035 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $144.92, for a total value of $1,164,432.20. Following the sale, the senior vice president now owns 7,104 shares in the company, valued at approximately $1,029,511.68. This represents a 53.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Barclays lifted their target price on shares of Allegion from $135.00 to $137.00 and gave the stock an “underweight” rating in a research report on Monday, October 28th. Robert W. Baird boosted their price objective on Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Wells Fargo & Company upped their price objective on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Finally, Mizuho lifted their target price on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus price target of $144.60.

About Allegion

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.