Crossmark Global Holdings Inc. Has $1.50 Million Stake in Allegion plc (NYSE:ALLE)

Crossmark Global Holdings Inc. increased its stake in shares of Allegion plc (NYSE:ALLE) by 383.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,460 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,090 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Allegion were worth $1,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Allegion by 1.2% during the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company’s stock worth $589,659,000 after acquiring an additional 49,929 shares during the last quarter. Van ECK Associates Corp raised its holdings in Allegion by 1.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,178,952 shares of the scientific and technical instruments company’s stock worth $479,577,000 after purchasing an additional 39,905 shares during the last quarter. Geode Capital Management LLC lifted its position in Allegion by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,111,414 shares of the scientific and technical instruments company’s stock valued at $306,699,000 after purchasing an additional 8,023 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Allegion by 13.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,904,632 shares of the scientific and technical instruments company’s stock valued at $277,581,000 after purchasing an additional 232,395 shares during the last quarter. Finally, Lord Abbett & CO. LLC grew its position in shares of Allegion by 96.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,674,644 shares of the scientific and technical instruments company’s stock worth $244,063,000 after buying an additional 823,874 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.9 %

Shares of NYSE ALLE opened at $133.31 on Friday. The stock has a market cap of $11.59 billion, a P/E ratio of 20.48, a P/E/G ratio of 3.34 and a beta of 1.11. The firm has a 50 day moving average price of $135.39 and a 200 day moving average price of $136.79. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.29 and a current ratio of 1.71. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.

Allegion (NYSE:ALLE) last announced its quarterly earnings results on Thursday, October 24th. The scientific and technical instruments company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 45.64%. The firm had revenue of $967.10 million for the quarter, compared to analyst estimates of $970.70 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. Analysts expect that Allegion plc will post 7.41 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Tuesday, December 17th. Allegion’s payout ratio is currently 29.49%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ALLE. Wells Fargo & Company cut their price objective on shares of Allegion from $152.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Morgan Stanley assumed coverage on Allegion in a research report on Monday, January 6th. They issued an “equal weight” rating and a $137.00 price target on the stock. Mizuho upped their price objective on Allegion from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays decreased their target price on Allegion from $137.00 to $134.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, StockNews.com downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Allegion has an average rating of “Hold” and a consensus target price of $140.83.

Insider Buying and Selling at Allegion

In related news, CEO John H. Stone purchased 7,500 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $140.70 per share, with a total value of $1,055,250.00. Following the completion of the purchase, the chief executive officer now owns 120,481 shares in the company, valued at $16,951,676.70. This represents a 6.64 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

About Allegion

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.