GHP Investment Advisors Inc. Purchases 9,549 Shares of Allegion PLC $ALLE

GHP Investment Advisors Inc. grew its position in shares of Allegion PLC (NYSE:ALLE) by 67.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 23,735 shares of the scientific and technical instruments company’s stock after buying an additional 9,549 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Allegion were worth $4,209,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 60 shares during the last quarter. Huntington National Bank increased its position in shares of Allegion by 7.7% during the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after purchasing an additional 61 shares during the last quarter. HM Payson & Co. increased its position in shares of Allegion by 2.4% during the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $469,000 after purchasing an additional 63 shares during the last quarter. Fulton Bank N.A. raised its stake in shares of Allegion by 4.5% during the 3rd quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after purchasing an additional 66 shares during the period. Finally, Rovin Capital UT ADV boosted its holdings in shares of Allegion by 1.6% in the 3rd quarter. Rovin Capital UT ADV now owns 4,207 shares of the scientific and technical instruments company’s stock worth $746,000 after buying an additional 66 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Performance

NYSE ALLE opened at $167.04 on Friday. The firm has a market cap of $14.37 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 3.05 and a beta of 1.04. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $162.12 and its 200-day moving average is $166.19. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.68.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the business earned $2.16 EPS. Allegion’s revenue was up 10.7% compared to the same quarter last year. Sell-side analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, December 16th. Allegion’s payout ratio is presently 27.60%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ALLE shares. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday. Robert W. Baird lifted their price target on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Finally, Barclays reduced their price objective on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $174.25.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.