Dimensional Fund Advisors LP Buys 3,803 Shares of Allegion PLC (NYSE:ALLE)

Dimensional Fund Advisors LP lifted its stake in shares of Allegion PLC (NYSE:ALLE) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,920 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,803 shares during the quarter. Dimensional Fund Advisors LP owned about 0.43% of Allegion worth $35,444,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Tredje AP fonden acquired a new stake in shares of Allegion during the second quarter valued at $105,000. QS Investors LLC raised its holdings in shares of Allegion by 1.2% in the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after purchasing an additional 16 shares during the period. Whittier Trust Co. raised its holdings in shares of Allegion by 94.2% in the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after purchasing an additional 600 shares during the period. YorkBridge Wealth Partners LLC purchased a new position in shares of Allegion in the 3rd quarter worth about $107,000. Finally, Acrospire Investment Management LLC raised its holdings in shares of Allegion by 75.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the scientific and technical instruments company’s stock worth $114,000 after purchasing an additional 600 shares during the period. 89.54% of the stock is currently owned by hedge funds and other institutional investors.

ALLE has been the topic of several analyst reports. BidaskClub downgraded Allegion from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 18th. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a report on Wednesday, October 18th. Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Allegion currently has an average rating of “Buy” and an average price target of $89.75.

Shares of Allegion PLC (NYSE:ALLE) traded down $2.74 on Monday, hitting $79.11. The stock had a trading volume of 942,339 shares, compared to its average volume of 743,318. The firm has a market cap of $7,779.24, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.37 and a beta of 1.10. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. Allegion PLC has a one year low of $66.55 and a one year high of $89.81.

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About Allegion

Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.

Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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