Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 199,680 shares of the scientific and technical instruments company's stock after selling 4,820 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of Allegion worth $26,050,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of ALLE. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Allegion by 174.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,845 shares of the scientific and technical instruments company's stock worth $3,701,000 after purchasing an additional 18,320 shares in the last quarter. Oakworth Capital Inc. acquired a new position in Allegion in the first quarter valued at about $46,000. Robeco Institutional Asset Management B.V. grew its stake in Allegion by 6.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock valued at $15,768,000 after acquiring an additional 7,645 shares during the period. Lecap Asset Management Ltd. increased its holdings in shares of Allegion by 46.9% in the first quarter. Lecap Asset Management Ltd. now owns 17,698 shares of the scientific and technical instruments company's stock worth $2,309,000 after acquiring an additional 5,648 shares in the last quarter. Finally, Keystone Financial Services lifted its holdings in shares of Allegion by 6.1% during the 1st quarter. Keystone Financial Services now owns 2,278 shares of the scientific and technical instruments company's stock valued at $297,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.
Analyst Ratings Changes
A number of brokerages have weighed in on ALLE. Wall Street Zen lowered shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. began coverage on shares of Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective on the stock. Robert W. Baird upped their target price 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. Finally, Barclays lifted 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. One 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $145.33.
Check Out Our Latest Research Report on ALLE
Allegion Stock Up 0.1%
Shares of NYSE:ALLE traded up $0.16 during midday trading on Friday, hitting $148.11. The stock had a trading volume of 411,792 shares, compared to its average volume of 868,417. The company has a market cap of $12.74 billion, a P/E ratio of 20.80, a PEG ratio of 4.15 and a beta of 1.01. Allegion PLC has a 12 month low of $113.27 and a 12 month high of $156.10. The business's 50-day simple moving average is $141.25 and its 200-day simple moving average is $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 (NYSE:ALLE - Get Free Report) last released its quarterly earnings data 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 company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. During the same period in the previous year, the business earned $1.55 EPS. Allegion's revenue for the quarter was up 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.
Allegion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.
Allegion 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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