AQR Capital Management LLC Has $5.48 Million Stock Holdings in Allegion plc (NYSE:ALLE)

AQR Capital Management LLC lifted its holdings in shares of Allegion plc (NYSE:ALLE) by 183.7% during the 2nd quarter, Holdings Channel reports. The firm owned 46,523 shares of the scientific and technical instruments company’s stock after purchasing an additional 30,123 shares during the quarter. AQR Capital Management LLC’s holdings in Allegion were worth $5,480,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Crewe Advisors LLC boosted its holdings in shares of Allegion by 160.2% during the 2nd 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. Covestor Ltd increased its stake 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 valued at $42,000 after acquiring an additional 225 shares in the last quarter. Gradient Investments LLC acquired a new position in shares of Allegion during the 2nd quarter valued at $38,000. Larson Financial Group LLC bought a new position in Allegion during the first quarter worth $44,000. Finally, Blue Trust Inc. grew its holdings in Allegion by 54.0% in the second 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 during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 0.2 %

Shares of NYSE ALLE opened at $145.61 on Friday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. The company has a 50-day moving average price of $137.19 and a 200-day moving average price of $128.59. The stock has a market capitalization of $12.73 billion, a P/E ratio of 23.75, a P/E/G ratio of 4.38 and a beta of 1.12. Allegion plc has a 1 year low of $95.94 and a 1 year high of $146.76.

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

Allegion Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALLE. Barclays upped their price objective on shares of Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a report on Wednesday. Wells Fargo & Company increased their price target on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, StockNews.com raised 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 company’s stock. Based on data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average 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.