Summit Trail Advisors LLC Takes Position in Allegion PLC (NYSE:ALLE)

Summit Trail Advisors LLC purchased a new stake in Allegion PLC (NYSE:ALLE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,769 shares of the scientific and technical instruments company's stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Millstone Evans Group LLC bought a new position in Allegion in the fourth quarter valued at approximately $28,000. Colonial Trust Co SC increased its stake in Allegion by 192.9% in the fourth quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after acquiring an additional 164 shares during the last quarter. Atala Financial Inc bought a new position in Allegion in the fourth quarter valued at approximately $35,000. Garde Capital Inc. bought a new position in Allegion in the first quarter valued at approximately $36,000. Finally, GeoWealth Management LLC increased its stake in Allegion by 259.3% in the fourth quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock valued at $40,000 after acquiring an additional 223 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALLE shares. Robert W. Baird lifted their price objective on shares of Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a research note 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 price objective on the stock. Finally, Barclays boosted 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 analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $145.33.

Allegion Trading Up 0.1%

Shares of Allegion stock traded up $0.16 during trading on Friday, hitting $148.11. The company's stock had a trading volume of 411,792 shares, compared to its average volume of 869,165. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.17 and a quick ratio of 1.51. The stock has a market cap of $12.74 billion, a price-to-earnings ratio of 20.80, a price-to-earnings-growth ratio of 4.15 and a beta of 1.01. The stock has a 50-day moving average price of $141.25 and a two-hundred day moving average price of $133.28. Allegion PLC has a 52 week low of $114.04 and a 52 week high of $156.10.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $918.53 million. During the same quarter in the prior year, the business earned $1.55 earnings per share. The business's quarterly revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

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 dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Allegion's dividend payout ratio is currently 28.65%.

Allegion Company Profile

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.