Shares sold by Allegion plc (NYSE: ALLE) Winton Group Limited

Vinton Group Limited reduced its holding in shares of Allegion plc (NYSE:ALLE – Get Rating) by 81.7% in the second quarter, The Holdings Channel reported. The firm held 4,558 shares of the scientific and technical equipment company’s stock after selling 20,357 shares during the period. At the end of the most recent reporting period Winton Group Limited’s holdings in Allegiance was worth $446,000.

Several other hedge funds have also recently modified their holdings of the stock. State of Michigan Retirement System boosted its position in shares of Allegiant by 0.4% during the first quarter. State of Michigan Retirement System now owns 26,544 shares of the scientific and technical equipment company stock worth $2,914,000 after buying an additional 93 shares during the last quarter. Veritable LP increased its position in shares of Allegiant by 3.2% during the first quarter. Veritable LP now owns 3,771 shares of the scientific and technical instruments company valued at $414,000 after buying an additional 117 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Allegion to 85.1% during the first quarter. First Horizon Advisors Inc. after buying an additional 126 shares during the last quarter. Now owns 274 shares of Scientific & Technical Instruments company valued at $31,000. Heritage Wealth Advisors increased its position in shares of Allegiant by 66.5% during the second quarter. Heritage Wealth Advisors now owns 333 shares of the scientific and technical equipment company valued at $33,000 after buying an additional 133 shares during the last quarter. Finally, Nevada Inc. Key Whittier Trust Company increased its position in shares of Allegiant to 61.3% during the second quarter. Nevada Inc. Key Whittier Trust Company now owns 363 shares of the scientific and technical equipment company valued at $36,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.

Analysts set new price targets

Several research analysts recently weighed in on the stock. Barclays cut its price target on shares of Allegion from $125.00 to $115.00 and set an “overweight” rating on the company in a research report on Monday, October 3. Morgan Stanley raised its price objective on shares of Allegion from $98.00 to $107.00 and gave the company an “equal weight” rating in a research note on Friday, October 28. Credit Suisse Group raised its price objective on shares of Allegiant from $108.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, October 28. Wells Fargo & Company raised its price objective on shares of Allegion from $114.00 to $116.00 and gave the company an “overweight” rating in a research note on Friday, October 28. Finally, StockNews.com initiated coverage on shares of Allegion in a research note on Wednesday, October 12. They set a “Hold” rating for the company. One analyst has given Sell rating to the stock of the company, five have given Hold rating and five have Buy rating on the stock of the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $118.00.

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In other Allegion news, CEO John H. Stone bought 12,500 shares of Allegion stock in a transaction on Friday, October 28. The shares were purchased at an average cost of $104.45 per share for a transaction totaling $1,305,625.00. Following the acquisition, the CEO now directly owns 64,535 shares in the company, valued at $6,740,680.75. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC website. 0.79% of the stock is owned by company insiders.

Allegion Stock Performance

NYSE: ALLE opened Friday at $112.96. The company has a debt-equity ratio of 2.79, quick ratio of 1.10 and current ratio of 1.79. The stock has a market capitalization of $9.92 billion, a P/E ratio of 23.01, a PEG ratio of 2.80, and a beta of 1.07. The company’s 50-day moving average price is $97.89 and 200-day moving average price is $101.64. Allegion plc has a 52 week low of $87.33 and a 52 week high of $136.66.

Allegion (NYSE: ALLE – Get Rating) posted its last quarter earnings data on Thursday, October 27. The scientific and technical instruments company reported earnings per share of $1.64 for the quarter, topping analysts’ consensus estimates of $1.45 to $0.19. The firm had revenue of $913.70 million during the quarter, compared with analysts’ expectations of $873.58 million. Allegion had a net margin of 13.96% and a return on equity of 59.82%. The firm’s quarterly revenue was up 27.4% on a year-on-year basis. During the same quarter last year, the company posted $1.56 EPS. Equity research analysts estimate that Allegion Plc will post 5.46 EPS for the current year.

charge dividend declared

The firm also recently declared a quarterly dividend, which was paid on Friday, September 30. A dividend of $0.41 per share was issued to shareholders of record on Friday, September 16. The ex-dividend date of this dividend was Thursday, September 15. This represents a $1.64 dividend and a yield of 1.45% on an annualized basis. Allegion’s Dividend Payout Ratio (DPR) currently stands at 33.40%.

allegation profile

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Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls 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 and door systems; and other stuff.

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Want to see which other hedge funds are holding ALE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion plc (NYSE: ALLE – Get Ratings).

Institutional Ownership by Quarter for Allegion (NYSE: ALLE)

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