Allegion PLC (NYSE:ALLE) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 24.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,069 shares of the scientific and technical instruments company's stock after purchasing an additional 19,118 shares during the period. Teacher Retirement System of Texas owned approximately 0.11% of Allegion worth $12,794,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ALLE. Millstone Evans Group LLC bought a new position in Allegion during the 4th quarter valued at $28,000. Colonial Trust Co SC boosted its stake in Allegion by 192.9% during the 4th 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 bought a new position in Allegion during the 4th quarter valued at $35,000. Garde Capital Inc. bought a new position in Allegion during the 1st quarter valued at $36,000. Finally, GeoWealth Management LLC boosted its stake in Allegion by 259.3% during the 4th 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. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird increased their price objective on shares of 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 lowered shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. assumed coverage on shares of Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target for the company. Finally, Barclays lifted their price target on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Allegion presently has a consensus rating of "Hold" and an average price target of $145.33.

Allegion Trading Up 0.1%

Allegion stock opened at $148.11 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. The firm has a 50-day moving average price of $141.25 and a two-hundred day moving average price of $133.28. The firm has a market capitalization of $12.74 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.15 and a beta of 1.01. Allegion PLC has a 52-week low of $113.27 and a 52-week high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last released 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 net margin of 16.28% and a return on equity of 44.82%. The company had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same period in the previous year, the firm earned $1.55 EPS. Allegion's revenue was up 5.4% on a year-over-year basis. Sell-side analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.51 per share. The ex-dividend date of this dividend 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 28.65%.

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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