Aaron Wealth Advisors LLC Makes New Investment in Allegion PLC (NYSE:ALLE)

Aaron Wealth Advisors LLC purchased a new position in Allegion PLC (NYSE:ALLE - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,805 shares of the scientific and technical instruments company's stock, valued at approximately $235,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ALLE. IFP Advisors Inc increased its stake in Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock worth $59,000 after purchasing an additional 85 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock worth $53,000 after purchasing an additional 101 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Allegion by 1,330.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,130 shares of the scientific and technical instruments company's stock valued at $148,000 after acquiring an additional 1,051 shares in the last quarter. Assetmark Inc. grew its stake in Allegion by 158.9% during the 4th quarter. Assetmark Inc. now owns 23,593 shares of the scientific and technical instruments company's stock valued at $3,083,000 after acquiring an additional 14,481 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Allegion during the 4th quarter valued at about $2,090,000. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Up 0.1%

Shares of ALLE stock opened at $148.11 on Friday. Allegion PLC has a 12 month low of $113.27 and a 12 month high of $156.10. The firm has a market cap of $12.74 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01. The stock has a 50 day moving average of $141.25 and a 200-day moving average of $133.28. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23.

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

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.38%. Allegion's dividend payout ratio (DPR) is presently 28.65%.

Analyst Ratings Changes

ALLE has been the subject of several recent research reports. Robert W. Baird boosted their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. Wall Street Zen cut Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays boosted their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $145.33.

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.

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