Azzad Asset Management Inc. ADV Has $3.97 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Azzad Asset Management Inc. ADV increased its stake in shares of Allegion plc (NYSE:ALLE - Free Report) by 16.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,458 shares of the scientific and technical instruments company's stock after acquiring an additional 4,245 shares during the quarter. Azzad Asset Management Inc. ADV's holdings in Allegion were worth $3,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALLE. Millstone Evans Group LLC bought a new stake in Allegion in the 4th quarter valued at $28,000. Colonial Trust Co SC grew its holdings 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 worth $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 worth about $35,000. GeoWealth Management LLC grew its holdings 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 worth $40,000 after purchasing an additional 223 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Allegion by 56.1% in the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 115 shares during the last quarter. Institutional investors own 92.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALLE. Wells Fargo & Company lowered their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 19th. Robert W. Baird increased their price objective on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a report on Friday, April 25th. Barclays increased their price objective on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a report 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. Finally, Morgan Stanley increased their price objective on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $140.40.

Allegion Trading Down 2.5%

Allegion stock traded down $3.49 during trading hours on Friday, reaching $135.18. 556,572 shares of the company's stock traded hands, compared to its average volume of 870,002. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.43 and a current ratio of 2.04. Allegion plc has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.97 and a beta of 1.02. The firm's 50 day moving average is $136.50 and its 200-day moving average is $132.92.

Allegion (NYSE:ALLE - Get Free Report) last released its 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 15.84% and a return on equity of 45.12%. 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 prior year, the company posted $1.55 EPS. The company's revenue was up 5.4% compared to the same quarter last year. On average, analysts predict that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 1.51%. Allegion's dividend payout ratio 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.