Simon Quick Advisors LLC Buys New Stake in Allegion plc (NYSE:ALLE)

Simon Quick Advisors LLC bought a new position in shares of Allegion plc (NYSE:ALLE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,131 shares of the scientific and technical instruments company's stock, valued at approximately $278,000.

Several other institutional investors and hedge funds have also made changes to their positions in ALLE. Millstone Evans Group LLC acquired a new position in shares of Allegion during the 4th quarter worth approximately $28,000. Colonial Trust Co SC lifted its holdings in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 164 shares during the last quarter. Atala Financial Inc acquired a new position in Allegion in the fourth quarter valued at approximately $35,000. GeoWealth Management LLC lifted its holdings in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Allegion by 56.1% in the fourth quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after acquiring an additional 115 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALLE. Wells Fargo & Company decreased their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Robert W. Baird upped their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Barclays upped their price objective on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. Finally, Morgan Stanley upped their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, Allegion has an average rating of "Hold" and a consensus price target of $140.40.

Allegion Stock Performance

NYSE:ALLE traded down $3.49 during mid-day trading on Friday, reaching $135.18. The stock had a trading volume of 556,572 shares, compared to its average volume of 870,002. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.97 and a beta of 1.02. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10. The business has a 50 day simple moving average of $136.50 and a 200 day simple moving average of $133.04.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The firm had revenue of $941.90 million during the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm's revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.55 earnings per share. On average, analysts expect that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.51%. Allegion's payout ratio is currently 28.65%.

Allegion Profile

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.