Boston Trust Walden Corp Grows Holdings in Allegion PLC (NYSE:ALLE)

Boston Trust Walden Corp grew its stake in Allegion PLC (NYSE:ALLE - Free Report) by 29.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,020 shares of the scientific and technical instruments company's stock after buying an additional 138,294 shares during the period. Boston Trust Walden Corp owned approximately 0.70% of Allegion worth $79,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC purchased a new position in Allegion in the 4th quarter worth approximately $28,000. Colonial Trust Co SC grew its stake in 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 buying an additional 164 shares in the last quarter. Atala Financial Inc purchased a new position in Allegion in the 4th quarter worth approximately $35,000. GeoWealth Management LLC grew its stake in 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 buying an additional 223 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in 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 buying an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Allegion Trading Up 0.3%

NYSE:ALLE opened at $136.71 on Thursday. The company has a fifty day moving average of $137.33 and a 200 day moving average of $132.94. Allegion PLC has a 52 week low of $113.27 and a 52 week high of $156.10. 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 market capitalization of $11.76 billion, a P/E ratio of 19.20, a P/E/G ratio of 3.84 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 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 company had revenue of $941.90 million during the quarter, compared to analyst estimates of $918.53 million. During the same period in the prior year, the business posted $1.55 EPS. The firm's revenue was up 5.4% compared to the same quarter last year. On average, research 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 issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.49%. Allegion's dividend payout ratio is currently 28.65%.

Analyst Ratings Changes

ALLE has been the subject of a number of research reports. Wells Fargo & Company cut their price objective on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Barclays upped their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Finally, Robert W. Baird upped 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, Allegion has an average rating of "Hold" and a consensus target price of $140.40.

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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