Mutual of America Capital Management LLC Sells 480 Shares of Allegion plc (NYSE:ALLE)

Mutual of America Capital Management LLC lowered its position in Allegion plc (NYSE:ALLE) by 4.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 11,033 shares of the scientific and technical instruments company’s stock after selling 480 shares during the period. Mutual of America Capital Management LLC’s holdings in Allegion were worth $1,304,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ALLE. Crewe Advisors LLC increased 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 worth $29,000 after acquiring an additional 149 shares during the last quarter. Gradient Investments LLC bought a new position in shares of Allegion in the second quarter worth approximately $38,000. Blue Trust Inc. lifted its position 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 valued at $41,000 after purchasing an additional 121 shares during the last quarter. Covestor Ltd grew its stake in 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 in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Allegion in the 1st quarter worth $44,000. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ALLE. 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. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Finally, Wells Fargo & Company boosted their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Allegion has a consensus rating of “Hold” and an average price target of $125.40.

Allegion Stock Up 0.2 %

Shares of NYSE ALLE opened at $143.70 on Friday. The firm’s fifty day moving average is $135.27 and its 200 day moving average is $128.01. Allegion plc has a 52 week low of $95.94 and a 52 week high of $146.41. 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 $12.52 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 4.38 and a beta of 1.12.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.76 EPS. On average, equities research analysts expect that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 20th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.34%. The ex-dividend date is Friday, September 20th. Allegion’s dividend payout ratio (DPR) is currently 31.32%.

Allegion Company 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.