Asset Management One Co. Ltd. Increases Stake in Allegion PLC (NYSE:ALLE)

Asset Management One Co. Ltd. lifted its stake in Allegion PLC (NYSE:ALLE - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,648 shares of the scientific and technical instruments company's stock after purchasing 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 large investors have also recently modified their holdings of ALLE. Millstone Evans Group LLC bought a new stake in shares of Allegion during the 4th quarter valued at $28,000. Colonial Trust Co SC lifted its position 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 period. Atala Financial Inc bought a new stake in Allegion during the fourth quarter worth about $35,000. Garde Capital Inc. purchased a new stake in Allegion in the first quarter worth about $36,000. Finally, GeoWealth Management LLC grew 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 worth $40,000 after purchasing an additional 223 shares during the period. Institutional investors own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ALLE. Barclays boosted their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Wall Street Zen downgraded Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 target price on the stock. Finally, Robert W. Baird lifted their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $145.33.

Allegion Stock Up 0.3%

Shares of ALLE stock traded up $0.51 during mid-day trading on Wednesday, hitting $148.16. The company's stock had a trading volume of 284,631 shares, compared to its average volume of 865,015. Allegion PLC has a 52-week low of $113.27 and a 52-week high of $156.10. The business has a 50-day moving average price of $140.41 and a 200 day moving average price of $133.02. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 4.03 and a beta of 1.02. 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 announced its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. During the same quarter last year, the firm posted $1.55 EPS. The business's quarterly revenue was up 5.4% compared to the same quarter last year. Research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Friday, June 13th. Allegion's payout ratio is currently 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.