Mount Yale Investment Advisors LLC Has $217,000 Stock Position in Allegion plc (NYSE:ALLE)

Mount Yale Investment Advisors LLC cut its stake in shares of Allegion plc (NYSE:ALLE) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,838 shares of the scientific and technical instruments company’s stock after selling 466 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Allegion were worth $217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ALLE. Crewe Advisors LLC boosted its stake in Allegion by 160.2% in the 2nd quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 149 shares during the period. Covestor Ltd boosted its position in shares of Allegion by 255.7% in the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 225 shares during the period. Gradient Investments LLC acquired a new position in shares of Allegion in the second quarter valued at about $38,000. Larson Financial Group LLC bought a new position in Allegion during the first quarter worth about $44,000. Finally, Blue Trust Inc. raised its stake in Allegion by 54.0% in the 2nd quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock worth $41,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.8 %

NYSE ALLE opened at $143.84 on Wednesday. The business has a fifty day moving average price of $134.61 and a two-hundred day moving average price of $127.80. The stock has a market capitalization of $12.58 billion, a PE ratio of 23.46, a PEG ratio of 4.21 and a beta of 1.12. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $146.41. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.12. The business had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.76 earnings per share. Equities analysts expect that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Friday, September 20th. Allegion’s dividend payout ratio is 31.32%.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent research reports. Wells Fargo & Company raised their target price on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Barclays increased their target price on Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average 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.