New York State Teachers Retirement System Decreases Holdings in Allegion PLC (NYSE:ALLE)

New York State Teachers Retirement System trimmed its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 4.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,396 shares of the scientific and technical instruments company's stock after selling 3,101 shares during the period. New York State Teachers Retirement System owned about 0.09% of Allegion worth $9,836,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in Allegion during the 4th quarter valued at about $28,000. Colonial Trust Co SC grew its holdings 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 bought a new position in Allegion during the 4th quarter valued at about $35,000. Garde Capital Inc. bought a new position in Allegion during the 1st quarter valued at about $36,000. Finally, GeoWealth Management LLC grew its holdings 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 institutional investors.

Allegion Stock Up 0.1%

Shares of ALLE traded up $0.12 during mid-day trading on Monday, hitting $148.23. The company's stock had a trading volume of 697,303 shares, compared to its average volume of 868,478. The company's 50-day moving average is $141.47 and its 200-day moving average is $133.41. Allegion PLC has a 52-week low of $114.04 and a 52-week high of $156.10. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 4.15 and a beta of 1.01. 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 (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, topping the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The firm 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 company's revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. Allegion's payout ratio is 28.65%.

Analyst Ratings Changes

Several brokerages recently commented on ALLE. Robert W. Baird upped their price target on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. JPMorgan Chase & Co. initiated coverage on shares of Allegion in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 target price on the stock. Finally, Barclays upped their target price on shares of Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $145.33.

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.