Wealth Enhancement Advisory Services LLC Purchases 32,842 Shares of Allegion PLC (NYSE:ALLE)

Wealth Enhancement Advisory Services LLC boosted its position in Allegion PLC (NYSE:ALLE - Free Report) by 324.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,969 shares of the scientific and technical instruments company's stock after buying an additional 32,842 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Allegion were worth $5,606,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Douglass Winthrop Advisors LLC raised its position in Allegion by 0.4% in the 4th quarter. Douglass Winthrop Advisors LLC now owns 22,273 shares of the scientific and technical instruments company's stock valued at $2,911,000 after buying an additional 80 shares during the last quarter. Waterloo Capital L.P. raised its position in Allegion by 1.2% in the 4th quarter. Waterloo Capital L.P. now owns 7,180 shares of the scientific and technical instruments company's stock valued at $938,000 after buying an additional 83 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Allegion by 2.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company's stock valued at $469,000 after buying an additional 83 shares during the last quarter. IFP Advisors Inc raised its position in Allegion by 23.2% in the 4th quarter. IFP Advisors Inc now owns 452 shares of the scientific and technical instruments company's stock valued at $59,000 after buying an additional 85 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Allegion by 33.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 402 shares of the scientific and technical instruments company's stock valued at $53,000 after buying an additional 101 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Performance

Shares of NYSE ALLE traded up $0.41 during midday trading on Friday, hitting $143.80. 699,884 shares of the company's stock were exchanged, compared to its average volume of 867,525. 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 PLC has a 12 month low of $113.27 and a 12 month high of $156.10. The company's 50 day moving average price is $139.58 and its 200 day moving average price is $132.88. The firm has a market capitalization of $12.37 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 4.03 and a beta of 1.03.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.68 by $0.18. Allegion had a return on equity of 44.82% and a net margin of 16.28%. 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 company posted $1.55 EPS. The firm's revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 annualized dividend and a dividend yield of 1.42%. Allegion's dividend payout ratio is currently 28.65%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird boosted their price target on Allegion from $144.00 to $150.00 and gave the stock a "neutral" rating in a research report on Friday, April 25th. Barclays boosted their price target on Allegion from $126.00 to $128.00 and gave the stock an "underweight" rating in a research report on Friday, April 25th. Wall Street Zen lowered Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price target on the stock. 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 company presently has an average rating of "Hold" and an average target price 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.