Vise Technologies Inc. Purchases 2,925 Shares of Allegion PLC $ALLE

Vise Technologies Inc. lifted its position in Allegion PLC (NYSE:ALLE) by 64.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,449 shares of the scientific and technical instruments company’s stock after purchasing an additional 2,925 shares during the period. Vise Technologies Inc.’s holdings in Allegion were worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC purchased a new position in shares of Allegion during the 2nd quarter valued at $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 worth $30,000 after buying an additional 200 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Allegion in the 2nd quarter worth $42,000. Ameritas Advisory Services LLC bought a new stake in Allegion during the second quarter valued at about $44,000. Finally, Brown Lisle Cummings Inc. raised its holdings in Allegion by 14,733.3% during the third quarter. Brown Lisle Cummings Inc. now owns 445 shares of the scientific and technical instruments company’s stock valued at $68,000 after acquiring an additional 442 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Allegion

In other news, Director Steven Mizell acquired 170 shares of Allegion stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $158.28 per share, with a total value of $26,907.60. Following the purchase, the director directly owned 5,899 shares in the company, valued at $933,693.72. The trade was a 2.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy Kemp sold 4,469 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $178.81, for a total value of $799,101.89. Following the sale, the senior vice president directly owned 11,358 shares in the company, valued at $2,030,923.98. This trade represents a 28.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.64% of the stock is currently owned by company insiders.

Allegion Stock Down 0.9%

Shares of ALLE stock opened at $185.48 on Friday. The company’s fifty day simple moving average is $161.34 and its two-hundred day simple moving average is $151.48. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $195.42. The stock has a market cap of $15.64 billion, a P/E ratio of 23.10, a PEG ratio of 2.09 and a beta of 0.82. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.94.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the business posted $2.30 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Analysts predict that Allegion PLC will post 9.10 EPS for the current fiscal year.

Allegion Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALLE. Weiss Ratings raised Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Evercore reissued an “outperform” rating and set a $180.00 target price on shares of Allegion in a research note on Tuesday, September 22nd. The Goldman Sachs Group boosted their price target on Allegion from $182.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, October 26th. JPMorgan Chase & Co. upped their price target on Allegion from $170.00 to $183.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Finally, Mizuho set a $180.00 price objective on shares of Allegion in a report on Friday, October 23rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Allegion currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.70.

Allegion Profile

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, hospitals and other institutions. Its offerings include mechanical and electronic locks, access-control systems, door closers, exit devices and related door hardware.

The company sells products under brands including Schlage, Von Duprin, LCN and CISA. Its solutions are used in both commercial and residential settings, with operations serving customers in North America and other markets around the world.

Allegion was formed in 2013 when it separated from Ingersoll Rand.