JLB & Associates Inc. Raises Holdings in Allegion plc (NYSE:ALLE)

JLB & Associates Inc. raised its stake in shares of Allegion plc (NYSE:ALLE) by 2.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,173 shares of the scientific and technical instruments company’s stock after acquiring an additional 618 shares during the quarter. JLB & Associates Inc.’s holdings in Allegion were worth $4,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ALLE. Crewe Advisors LLC boosted its position 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 valued at $29,000 after purchasing an additional 149 shares in the last quarter. Covestor Ltd grew its position in shares of Allegion by 255.7% in the 1st 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 during the last quarter. Gradient Investments LLC bought a new position in shares of Allegion during the 2nd quarter worth approximately $38,000. Larson Financial Group LLC purchased a new stake in Allegion during the first quarter valued at approximately $44,000. Finally, Kimelman & Baird LLC acquired a new stake in Allegion in the second quarter valued at approximately $39,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Allegion Price Performance

NYSE:ALLE opened at $145.84 on Thursday. The firm’s fifty day moving average is $136.76 and its two-hundred day moving average is $128.37. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 4.38 and a beta of 1.12. 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.

Allegion (NYSE:ALLE) last announced its quarterly earnings results 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 company had revenue of $965.60 million during the quarter, compared to analysts’ expectations of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. Allegion’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.76 earnings per share. Research analysts expect that Allegion plc will post 7.26 EPS for the current year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.32%. Allegion’s dividend payout ratio is presently 31.32%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Barclays raised their price target on shares of Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $129.00.

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.