Allegion PLC (NYSE:ALLE) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 174.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,845 shares of the scientific and technical instruments company's stock after buying an additional 18,320 shares during the quarter. Mirae Asset Global Investments Co. Ltd.'s holdings in Allegion were worth $3,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new position in Allegion during the 4th quarter worth $28,000. Colonial Trust Co SC grew its stake 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 purchasing an additional 164 shares during the last quarter. Atala Financial Inc purchased a new stake in Allegion during the 4th quarter valued at about $35,000. Garde Capital Inc. purchased a new stake in Allegion during the 1st quarter valued at about $36,000. Finally, GeoWealth Management LLC grew its stake in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after purchasing an additional 223 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price target on the stock. Barclays boosted their price target on Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research note on Friday, April 25th. Finally, Robert W. Baird boosted their price target on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $145.33.

Allegion Stock Performance

Shares of ALLE stock traded up $0.16 on Friday, hitting $148.11. The company had a trading volume of 411,792 shares, compared to its average volume of 869,165. The firm has a market cap of $12.74 billion, a P/E ratio of 20.80, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01. The company has a 50-day moving average price of $141.25 and a 200-day moving average price of $133.28. The company has a quick ratio of 1.51, a current ratio of 2.17 and a debt-to-equity ratio of 1.23. Allegion PLC has a twelve month low of $114.04 and a twelve month high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.18. The business had revenue of $941.90 million during the quarter, compared to analysts' expectations of $918.53 million. Allegion had a return on equity of 44.82% and a net margin of 16.28%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, equities research analysts predict 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 was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.51 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Allegion's dividend payout ratio (DPR) is presently 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.