11,237 Shares in Allegion plc (NYSE:ALLE) Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in shares of Allegion plc (NYSE:ALLE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,237 shares of the scientific and technical instruments company’s stock, valued at approximately $1,327,000.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC boosted its holdings in Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 149 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Allegion by 19.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock worth $30,000 after buying an additional 3,823 shares in the last quarter. Gradient Investments LLC bought a new stake in Allegion during the second quarter worth approximately $38,000. Blue Trust Inc. boosted its holdings in Allegion by 54.0% during the second quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 121 shares in the last quarter. Finally, Covestor Ltd boosted its holdings in Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 225 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Up 1.5 %

ALLE stock opened at $141.17 on Monday. Allegion plc has a 12-month low of $95.94 and a 12-month high of $141.99. The company has a quick ratio of 1.23, a current ratio of 1.66 and a debt-to-equity ratio of 1.40. The company has a market cap of $12.30 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 4.21 and a beta of 1.12. The company has a 50 day moving average of $131.41 and a two-hundred day moving average of $127.11.

Allegion (NYSE:ALLE) last released its earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.12. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million during the quarter, compared to the consensus estimate of $953.63 million. During the same quarter in the prior year, the firm earned $1.76 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.36%. Allegion’s payout ratio is 31.32%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Wells Fargo & Company raised their price objective on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Barclays raised their price objective on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Allegion currently has an average rating of “Hold” and a consensus target price of $125.40.

Allegion 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.