Intermede Investment Partners Ltd raised its position in Allegion PLC (NYSE:ALLE) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 679,685 shares of the scientific and technical instruments company’s stock after buying an additional 31,669 shares during the period. Allegion comprises 4.6% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 13th biggest position. Intermede Investment Partners Ltd’s holdings in Allegion were worth $54,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whittier Trust Co. increased its holdings in Allegion by 94.2% in the third quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 600 shares in the last quarter. Sentry Investment Management LLC grew its position in shares of Allegion by 12.4% in the second quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 497 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Allegion by 141.3% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 138,745 shares of the scientific and technical instruments company’s stock valued at $11,997,000 after purchasing an additional 81,251 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Allegion by 13.4% in the second quarter. Parametric Portfolio Associates LLC now owns 183,383 shares of the scientific and technical instruments company’s stock valued at $14,876,000 after purchasing an additional 21,699 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Allegion by 27.2% in the second quarter. Ameriprise Financial Inc. now owns 155,312 shares of the scientific and technical instruments company’s stock valued at $12,600,000 after purchasing an additional 33,173 shares during the period. 89.44% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on ALLE. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub upgraded shares of Allegion from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Wells Fargo & Co reiterated an “outperform” rating and issued a $100.00 target price (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Finally, Robert W. Baird reiterated a “hold” rating on shares of Allegion in a research report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $89.75.

Shares of Allegion PLC (NYSE ALLE) traded up $2.18 during midday trading on Friday, hitting $86.23. 890,243 shares of the stock traded hands, compared to its average volume of 836,285. Allegion PLC has a 1-year low of $64.62 and a 1-year high of $89.81. The firm has a market capitalization of $8,003.54, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.02. Allegion had a net margin of 14.37% and a return on equity of 154.50%. The business had revenue of $609.40 million for the quarter, compared to analyst estimates of $622.18 million. During the same quarter last year, the business earned $0.93 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. equities analysts expect that Allegion PLC will post 3.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Monday, December 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.64 dividend on an annualized basis and a yield of 0.74%. Allegion’s payout ratio is presently 18.18%.

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Allegion Profile

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.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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