Allegion PLC $ALLE Shares Acquired by National Pension Service

National Pension Service lifted its holdings in shares of Allegion PLC (NYSE:ALLE) by 449.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,785 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,368 shares during the period. National Pension Service’s holdings in Allegion were worth $1,381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Allegion by 0.8% in the second quarter. State Street Corp now owns 3,971,235 shares of the scientific and technical instruments company’s stock worth $572,336,000 after acquiring an additional 31,322 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Allegion by 15.2% during the second quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock valued at $369,514,000 after acquiring an additional 339,025 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after purchasing an additional 113,821 shares in the last quarter. Nordea Investment Management AB raised its stake in Allegion by 22.5% in the 2nd quarter. Nordea Investment Management AB now owns 1,509,567 shares of the scientific and technical instruments company’s stock valued at $216,095,000 after purchasing an additional 277,241 shares during the last quarter. Finally, Berkshire Hathaway Inc purchased a new position in Allegion in the 2nd quarter valued at about $112,433,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALLE. Barclays lowered their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Robert W. Baird lifted their target price on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $174.25.

Allegion Price Performance

Shares of Allegion stock opened at $167.61 on Wednesday. The business’s fifty day moving average price is $162.70 and its 200 day moving average price is $167.11. Allegion PLC has a twelve month low of $116.57 and a twelve 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. The stock has a market capitalization of $14.42 billion, a P/E ratio of 22.68, a PEG ratio of 3.02 and a beta of 1.03.

Allegion Announces Dividend

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

Allegion Profile

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.