Allegion PLC $ALLE Shares Bought by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Allegion PLC (NYSE:ALLE) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,115 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,533 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.28% of Allegion worth $42,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vest Financial LLC increased its position in Allegion by 16.9% during the third quarter. Vest Financial LLC now owns 17,850 shares of the scientific and technical instruments company’s stock worth $3,166,000 after purchasing an additional 2,582 shares during the last quarter. Forvis Mazars Wealth Advisors LLC purchased a new stake in shares of Allegion in the 3rd quarter valued at approximately $2,838,000. Sage Mountain Advisors LLC acquired a new stake in shares of Allegion during the 3rd quarter worth approximately $282,000. Dynasty Wealth Management LLC raised its position in shares of Allegion by 66.0% during the 3rd quarter. Dynasty Wealth Management LLC now owns 5,926 shares of the scientific and technical instruments company’s stock valued at $1,051,000 after buying an additional 2,356 shares during the period. Finally, Root Financial Partners LLC purchased a new position in Allegion in the third quarter worth approximately $42,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLE has been the topic of a number of research analyst reports. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Barclays decreased their target price on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.25.

Allegion Stock Up 1.7%

Shares of NYSE ALLE opened at $165.84 on Thursday. The stock has a market cap of $14.27 billion, a P/E ratio of 22.44, a PEG ratio of 2.98 and a beta of 1.04. The business’s fifty day simple moving average is $161.95 and its 200-day simple moving average is $165.93. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.68. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.09. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.Allegion’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.16 EPS. As a group, equities analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.51 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $2.04 annualized dividend and a yield of 1.2%. Allegion’s dividend payout ratio (DPR) is 27.60%.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.