Allegion PLC $ALLE Stock Purchased by CENTRAL TRUST Co

CENTRAL TRUST Co raised its stake in Allegion PLC (NYSE:ALLE) by 62,197.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,199 shares of the scientific and technical instruments company’s stock after purchasing an additional 54,112 shares during the period. CENTRAL TRUST Co owned 0.06% of Allegion worth $8,334,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. DMC Group LLC lifted its stake in shares of Allegion by 2.4% during the 3rd quarter. DMC Group LLC now owns 4,408 shares of the scientific and technical instruments company’s stock worth $678,000 after buying an additional 102 shares during the last quarter. Wealth Alliance LLC grew its stake in Allegion by 4.5% in the 1st quarter. Wealth Alliance LLC now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $384,000 after buying an additional 114 shares during the last quarter. Allworth Financial LP grew its stake in Allegion by 9.5% in the 2nd quarter. Allworth Financial LP now owns 1,368 shares of the scientific and technical instruments company’s stock valued at $192,000 after buying an additional 119 shares during the last quarter. Platform Technology Partners raised its holdings in Allegion by 7.6% in the 3rd quarter. Platform Technology Partners now owns 1,854 shares of the scientific and technical instruments company’s stock valued at $285,000 after acquiring an additional 131 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Allegion by 6.5% in the 2nd quarter. NewEdge Advisors LLC now owns 2,274 shares of the scientific and technical instruments company’s stock valued at $319,000 after acquiring an additional 138 shares during the period. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of Allegion from $170.00 to $183.00 and gave the stock a “neutral” rating in a research report on Friday, October 23rd. Morgan Stanley upped their target price on Allegion from $170.00 to $181.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 3rd. The Goldman Sachs Group increased their target price on Allegion from $182.00 to $206.00 and gave the stock a “buy” rating in a research note on Monday, October 26th. Evercore reiterated an “outperform” rating and set a $180.00 target price on shares of Allegion in a research note on Tuesday, September 22nd. Finally, Bank of America raised Allegion from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $164.00 to $200.00 in a report on Friday, October 23rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.70.

Allegion Stock Performance

NYSE ALLE opened at $191.07 on Thursday. The firm’s 50 day simple moving average is $163.46 and its 200 day simple moving average is $151.83. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 2.14 and a beta of 0.82. 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 1 year low of $125.00 and a 1 year high of $195.42.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 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 during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $2.30 earnings per share. The company’s revenue was up 9.6% on a year-over-year basis. As a group, research analysts expect that Allegion PLC will post 9.10 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Insider Transactions at Allegion

In other Allegion news, SVP Timothy 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 transaction, the senior vice president owned 22,028 shares in the company, valued at $3,934,641.36. The trade was a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Tracy L. Kemp sold 4,469 shares of Allegion stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $178.81, for a total value of $799,101.89. Following the completion of the transaction, the senior vice president owned 11,358 shares in the company, valued at approximately $2,030,923.98. This represents a 28.24% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is owned by insiders.

About Allegion

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware. The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.