6,400 Shares in Allegion plc (NYSE:ALLE) Purchased by MBB Public Markets I LLC

MBB Public Markets I LLC bought a new stake in Allegion plc (NYSE:ALLE) in the 2nd quarter, HoldingsChannel reports. The firm bought 6,400 shares of the scientific and technical instruments company’s stock, valued at approximately $756,000.

A number of other institutional investors also recently bought and sold shares of ALLE. Crewe Advisors LLC boosted its stake in shares of 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 buying an additional 149 shares during the period. Gradient Investments LLC acquired a new stake in shares of Allegion during the second quarter worth about $38,000. Blue Trust Inc. lifted its position in Allegion by 54.0% during the 2nd quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 121 shares during the period. Covestor Ltd grew its position in Allegion by 255.7% in the 1st quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 225 shares during the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of Allegion in the first quarter valued at about $44,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays upped their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a research report on Thursday, July 25th. Wells Fargo & Company lifted their target price 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, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus target price of $125.40.

Allegion Stock Down 0.5 %

Allegion stock opened at $144.97 on Wednesday. Allegion plc has a one year low of $95.94 and a one year high of $146.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.23 and a current ratio of 1.66. The firm has a market capitalization of $12.68 billion, a P/E ratio of 23.65, a P/E/G ratio of 4.38 and a beta of 1.12. The company has a 50-day simple moving average of $136.04 and a 200-day simple moving average of $128.15.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, beating 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 period in the prior year, the company earned $1.76 EPS. Allegion’s revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 20th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, September 20th. Allegion’s dividend payout ratio (DPR) is currently 31.32%.

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.