Simon Quick Advisors LLC Takes $278,000 Position in Allegion PLC (NYSE:ALLE)

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

A number of other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC purchased a new stake in shares of Allegion during the 4th quarter valued at about $28,000. Colonial Trust Co SC increased its holdings in Allegion by 192.9% during 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 buying an additional 164 shares during the last quarter. Atala Financial Inc bought a new position in Allegion in the fourth quarter worth approximately $35,000. GeoWealth Management LLC boosted its stake in shares of Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 223 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Allegion by 56.1% during the 4th 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 period. Institutional investors own 92.21% of the company's stock.

Allegion Price Performance

ALLE traded up $0.84 on Wednesday, hitting $137.08. 460,412 shares of the company's stock traded hands, compared to its average volume of 869,121. The company's 50 day simple moving average is $137.09 and its 200-day simple moving average is $132.91. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. Allegion PLC has a one year low of $113.27 and a one year high of $156.10. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 3.83 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. Allegion's payout ratio is 28.65%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ALLE shares. Wells Fargo & Company lowered their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Robert W. Baird lifted their price objective on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research report on Friday, April 25th. Barclays increased their target price on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report on Friday, April 25th. Morgan Stanley raised their target price on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. Finally, Wall Street Zen lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $140.40.

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.