Allegion PLC $ALLE Shares Newly Bought by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in shares of Allegion PLC (NYSE:ALLE) during the third quarter, Holdings Channel.com reports. The fund purchased 21,133 shares of the scientific and technical instruments company’s stock, valued at approximately $3,249,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in Allegion in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC increased its stake in Allegion by 1,666.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after buying an additional 200 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Allegion during the 2nd quarter worth approximately $42,000. Ameritas Advisory Services LLC bought a new position in shares of Allegion during the 2nd quarter worth approximately $44,000. Finally, Brown Lisle Cummings Inc. lifted its position in shares of Allegion by 14,733.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company’s stock worth $68,000 after buying an additional 442 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group boosted 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 reaffirmed an “outperform” rating and set a $180.00 price target on shares of Allegion in a research report on Tuesday, September 22nd. Morgan Stanley lifted their price target on Allegion from $170.00 to $181.00 and gave the stock an “equal weight” rating in a report on Tuesday. Mizuho set a $180.00 price objective on Allegion in a research report on Friday, October 23rd. Finally, Weiss Ratings raised Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $180.70.

Allegion Stock Performance

NYSE:ALLE opened at $189.56 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.90 and a quick ratio of 1.24. The business has a fifty day simple moving average of $159.63 and a two-hundred day simple moving average of $151.10. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $192.48. The company has a market capitalization of $15.98 billion, a P/E ratio of 23.61, a P/E/G ratio of 2.16 and a beta of 0.82.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.50 by $0.10. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. On average, analysts expect that Allegion PLC will post 9.10 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 annualized dividend and a yield of 1.2%. Allegion’s dividend payout ratio (DPR) is 27.40%.

Insider Transactions at Allegion

In other Allegion news, Director Steven Mizell bought 170 shares of the business’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $158.28 per share, for a total transaction of $26,907.60. Following the completion of the transaction, the director directly owned 5,899 shares of the company’s stock, valued at $933,693.72. This trade represents a 2.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Tracy L. Kemp sold 4,469 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $178.81, for a total transaction of $799,101.89. Following the transaction, the senior vice president owned 11,358 shares of the company’s stock, valued at $2,030,923.98. This represents a 28.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,833 shares of company stock valued at $2,104,090. 0.64% of the stock is currently owned by insiders.

Allegion Company Profile

Allegion plc (NYSE:ALLE) is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.

The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.

Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.