Vaughan Nelson Investment Management L.P. Has $17.76 Million Holdings in Allegion plc (NYSE:ALLE)

Vaughan Nelson Investment Management L.P. trimmed its position in Allegion plc (NYSE:ALLE - Free Report) by 2.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 136,136 shares of the scientific and technical instruments company's stock after selling 3,230 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.16% of Allegion worth $17,760,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of Allegion during the 4th quarter valued at approximately $28,000. Colonial Trust Co SC grew its position in shares of 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 in the last quarter. Atala Financial Inc purchased a new position in shares of Allegion during the 4th quarter valued at $35,000. GeoWealth Management LLC grew its position in shares of 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 in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Allegion by 56.1% during the 4th quarter. Private Trust Co. NA now owns 320 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 115 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Trading Down 2.5%

NYSE:ALLE opened at $135.18 on Monday. The company's 50 day moving average price is $136.50 and its 200-day moving average price is $132.92. Allegion plc has a 52 week low of $113.27 and a 52 week high of $156.10. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The stock has a market cap of $11.63 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The company had revenue of $941.90 million for the quarter, compared to analysts' expectations of $918.53 million. During the same quarter last year, the company posted $1.55 earnings per share. The firm's quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.51 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a yield of 1.51%. Allegion's payout ratio is presently 28.65%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. Wall Street Zen downgraded shares of Allegion from a "buy" rating to a "hold" rating in a research note on Friday, March 7th. Barclays increased their price target 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. Robert W. Baird increased their price target 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, Morgan Stanley upped their price objective on shares of Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 19th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $140.40.

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.

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