Robeco Institutional Asset Management B.V. Buys 7,645 Shares of Allegion PLC (NYSE:ALLE)

Robeco Institutional Asset Management B.V. boosted its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 6.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,863 shares of the scientific and technical instruments company's stock after acquiring an additional 7,645 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.14% of Allegion worth $15,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Millstone Evans Group LLC acquired a new position in shares of Allegion in the 4th quarter valued at $28,000. Colonial Trust Co SC raised 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 worth $33,000 after buying an additional 164 shares during the period. Atala Financial Inc purchased a new stake in Allegion during the fourth quarter valued at about $35,000. Garde Capital Inc. acquired a new position in shares of Allegion in the first quarter worth about $36,000. Finally, GeoWealth Management LLC increased its position in shares of Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after acquiring an additional 223 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Allegion Price Performance

Shares of Allegion stock traded up $0.29 during mid-day trading on Wednesday, reaching $147.94. 314,766 shares of the stock were exchanged, compared to its average volume of 865,356. The company has a current ratio of 2.17, a quick ratio of 1.51 and a debt-to-equity ratio of 1.23. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 4.03 and a beta of 1.02. Allegion PLC has a fifty-two week low of $113.27 and a fifty-two week high of $156.10. The firm has a 50-day simple moving average of $140.41 and a 200 day simple moving average of $133.02.

Allegion (NYSE:ALLE - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping 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 the consensus estimate of $918.53 million. During the same period in the previous year, the firm posted $1.55 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. On average, sell-side analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

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. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, June 13th. Allegion's dividend payout ratio (DPR) is currently 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.