21,133 Shares in Allegion PLC $ALLE Bought by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in Allegion PLC (NYSE:ALLE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,133 shares of the scientific and technical instruments company’s stock, valued at approximately $3,249,000.

Several other large investors have also recently modified their holdings of ALLE. Evergreen Capital Management LLC acquired a new position in Allegion during the 3rd quarter worth about $3,023,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Allegion by 5,141.6% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 11,846 shares of the scientific and technical instruments company’s stock worth $1,822,000 after buying an additional 11,620 shares in the last quarter. Andra AP fonden grew its holdings in Allegion by 382.8% in the second quarter. Andra AP fonden now owns 69,945 shares of the scientific and technical instruments company’s stock worth $9,827,000 after purchasing an additional 55,459 shares during the period. GAMMA Investing LLC boosted its position in shares of Allegion by 1,653.5% during the 3rd quarter. GAMMA Investing LLC now owns 33,018 shares of the scientific and technical instruments company’s stock worth $5,077,000 after purchasing an additional 31,135 shares in the last quarter. Finally, Regents Gate Capital LLP grew its stake in shares of Allegion by 291.7% in the 1st quarter. Regents Gate Capital LLP now owns 165,622 shares of the scientific and technical instruments company’s stock valued at $24,063,000 after buying an additional 123,343 shares during the period. Institutional investors own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ALLE shares. JPMorgan Chase & Co. boosted their target price on Allegion from $170.00 to $183.00 and gave the company a “neutral” rating in a research report on Friday, October 23rd. Weiss Ratings upgraded Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Morgan Stanley raised their price objective on Allegion from $170.00 to $181.00 and gave the company an “equal weight” rating in a research note on Tuesday. Bank of America raised Allegion from a “neutral” rating to a “buy” rating and raised their price objective for the company from $164.00 to $200.00 in a research note on Friday, October 23rd. Finally, The Goldman Sachs Group boosted their price objective on Allegion from $182.00 to $206.00 and gave the company a “buy” rating in a report on Monday, October 26th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $180.70.

Insider Buying and Selling

In related news, Director Steven Mizell acquired 170 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average cost of $158.28 per share, with a total value of $26,907.60. Following the acquisition, the director owned 5,899 shares of the company’s stock, valued at approximately $933,693.72. This trade represents a 2.97% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy Kemp sold 4,469 shares of the 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 completion of the sale, the senior vice president directly owned 11,358 shares of the company’s stock, valued at approximately $2,030,923.98. This trade represents a 28.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,833 shares of company stock worth $2,104,090 over the last 90 days. Company insiders own 0.64% of the company’s stock.

Allegion Stock Down 1.1%

Allegion stock opened at $189.56 on Wednesday. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $192.48. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.16 and a beta of 0.82. The firm’s fifty day moving average price is $159.63 and its two-hundred day moving average price is $151.10. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.94.

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

Allegion Dividend Announcement

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

About Allegion

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.