Brown Advisory Inc. increased its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 13.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,141,492 shares of the scientific and technical instruments company's stock after buying an additional 249,295 shares during the period. Brown Advisory Inc. owned about 2.48% of Allegion worth $279,379,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in ALLE. Crew Capital Management Ltd. raised its holdings in Allegion by 2.1% in the 1st quarter. Crew Capital Management Ltd. now owns 5,933 shares of the scientific and technical instruments company's stock valued at $774,000 after acquiring an additional 123 shares during the last quarter. HM Payson & Co. boosted its holdings in Allegion by 29.0% during the first quarter. HM Payson & Co. now owns 2,564 shares of the scientific and technical instruments company's stock worth $335,000 after buying an additional 576 shares in the last quarter. Wayfinding Financial LLC acquired a new position in Allegion during the first quarter worth about $30,000. OneDigital Investment Advisors LLC raised its stake in Allegion by 30.4% during the first quarter. OneDigital Investment Advisors LLC now owns 3,864 shares of the scientific and technical instruments company's stock worth $504,000 after purchasing an additional 901 shares during the period. Finally, Calamos Advisors LLC lifted its stake in shares of Allegion by 1.1% during the first quarter. Calamos Advisors LLC now owns 52,290 shares of the scientific and technical instruments company's stock worth $6,822,000 after purchasing an additional 582 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.
Allegion Trading Up 1.1%
Shares of NYSE:ALLE traded up $1.70 during mid-day trading on Wednesday, reaching $150.24. The stock had a trading volume of 710,977 shares, compared to its average volume of 872,285. The firm has a market cap of $12.93 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 3.75 and a beta of 1.01. The firm has a 50 day simple moving average of $141.90 and a two-hundred day simple moving average of $133.64. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. Allegion PLC has a twelve month low of $114.30 and a twelve month high of $156.10.
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 for the quarter, beating analysts' consensus estimates of $1.68 by $0.18. The business had revenue of $941.90 million for the quarter, compared to the consensus estimate of $918.53 million. Allegion had a net margin of 16.28% and a return on equity of 44.82%. Allegion's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.55 EPS. On average, research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.
Allegion Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.36%. Allegion's dividend payout ratio (DPR) is currently 28.65%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on ALLE. Barclays lifted their price objective on shares of Allegion from $128.00 to $135.00 and gave the company an "underweight" rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $149.86.
Read Our Latest Stock Analysis on ALLE
About Allegion
(
Free Report)
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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