MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Allegion PLC (NYSE:ALLE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,111 shares of the scientific and technical instruments company's stock, valued at approximately $2,624,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ALLE. Choreo LLC purchased a new stake in shares of Allegion in the 4th quarter valued at approximately $209,000. Empowered Funds LLC acquired a new position in shares of Allegion during the 4th quarter valued at about $656,000. Asset Management One Co. Ltd. raised its position in shares of Allegion by 0.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 34,030 shares of the scientific and technical instruments company's stock valued at $4,491,000 after purchasing an additional 227 shares during the period. New York State Teachers Retirement System raised its holdings in Allegion by 8.6% in the 4th quarter. New York State Teachers Retirement System now owns 78,497 shares of the scientific and technical instruments company's stock worth $10,258,000 after acquiring an additional 6,213 shares during the period. Finally, Catalyst Capital Advisors LLC acquired a new position in shares of Allegion during the 4th quarter worth about $2,124,000. 92.21% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ALLE has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a report on Friday, March 7th. Wells Fargo & Company reduced their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 19th. Barclays upped their price target on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Finally, Morgan Stanley increased their price objective on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, Allegion has a consensus rating of "Hold" and an average target price of $140.40.
Check Out Our Latest Research Report on Allegion
Allegion Trading Up 0.3%
ALLE traded up $0.47 during midday trading on Wednesday, reaching $136.71. 934,037 shares of the company were exchanged, compared to its average volume of 870,900. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.51 and a current ratio of 2.17. The stock has a market capitalization of $11.76 billion, a P/E ratio of 19.20, a PEG ratio of 3.83 and a beta of 1.02. The stock's 50-day simple moving average is $137.09 and its 200 day simple moving average is $132.91. Allegion PLC has a one year low of $113.27 and a one year high of $156.10.
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, 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 business had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. During the same quarter in the prior year, the company earned $1.55 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. As a group, analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.
Allegion Dividend Announcement
The business also recently disclosed 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 is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.49%. Allegion's payout ratio is 28.65%.
Allegion Company Profile
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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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