Asset Management One Co. Ltd. Purchases 3,618 Shares of Allegion PLC (NYSE:ALLE)

Asset Management One Co. Ltd. boosted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 10.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,648 shares of the scientific and technical instruments company's stock after buying an additional 3,618 shares during the period. Asset Management One Co. Ltd.'s holdings in Allegion were worth $4,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLE. Millstone Evans Group LLC purchased a new stake in Allegion during the fourth quarter valued at approximately $28,000. Colonial Trust Co SC lifted its stake in shares of Allegion by 192.9% in 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 purchasing an additional 164 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Allegion in the 4th quarter valued at approximately $35,000. Garde Capital Inc. bought a new stake in shares of Allegion in the 1st quarter valued at approximately $36,000. Finally, GeoWealth Management LLC lifted its stake in shares of Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Trading Up 0.3%

Shares of NYSE ALLE opened at $143.80 on Friday. The business's 50 day moving average price is $139.58 and its 200-day moving average price is $132.93. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 4.05 and a beta of 1.02. Allegion PLC has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.51 and a current ratio of 2.17.

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

Allegion Announces Dividend

The firm 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 $0.51 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.42%. Allegion's payout ratio is 28.65%.

Analyst Upgrades and Downgrades

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

Allegion Company 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.

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