Ladenburg Thalmann Financial Services Inc. Grows Holdings in Allegion PLC (ALLE)

Ladenburg Thalmann Financial Services Inc. raised its stake in Allegion PLC (NYSE:ALLE) by 30.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,427 shares of the scientific and technical instruments company’s stock after buying an additional 808 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Allegion were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Whittier Trust Co. boosted its position in Allegion by 94.2% in the 3rd 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 during the period. YorkBridge Wealth Partners LLC purchased a new stake in Allegion in the 3rd quarter valued at about $107,000. Tredje AP fonden purchased a new stake in Allegion in the 2nd quarter valued at about $105,000. QS Investors LLC raised its holdings in shares of Allegion by 1.2% in the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock valued at $106,000 after purchasing an additional 16 shares in the last quarter. Finally, Acrospire Investment Management LLC raised its holdings in shares of Allegion by 75.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock valued at $114,000 after purchasing an additional 600 shares in the last quarter. 89.37% of the stock is owned by institutional investors.

Allegion PLC (NYSE ALLE) opened at $79.56 on Friday. The company has a debt-to-equity ratio of 3.79, a quick ratio of 1.54 and a current ratio of 2.14. The company has a market cap of $7,640.00, a P/E ratio of 22.60, a P/E/G ratio of 1.51 and a beta of 1.08. Allegion PLC has a 52 week low of $63.71 and a 52 week high of $89.81.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 26th. The scientific and technical instruments company reported $1.02 EPS for the quarter, hitting the consensus estimate of $1.02. The firm had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. Allegion had a net margin of 14.37% and a return on equity of 154.50%. Allegion’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. analysts forecast that Allegion PLC will post 3.79 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Monday, December 18th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.64 annualized dividend and a dividend yield of 0.80%. Allegion’s dividend payout ratio (DPR) is presently 18.18%.

Several research firms have recently commented on ALLE. Zacks Investment Research upgraded shares of Allegion from a “sell” rating to a “hold” rating in a report on Wednesday. Wolfe Research upgraded shares of Allegion from a “market perform” rating to an “outperform” rating in a report on Monday, October 30th. BidaskClub lowered shares of Allegion from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. Wells Fargo & Co restated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Finally, Robert W. Baird restated a “hold” rating on shares of Allegion in a report on Tuesday, September 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $89.75.

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Allegion Company 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.

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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