Vanguard Personalized Indexing Management LLC Increases Position in Allegion plc (NYSE:ALLE)

Vanguard Personalized Indexing Management LLC increased its position in Allegion plc (NYSE:ALLE) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,222 shares of the scientific and technical instruments company’s stock after acquiring an additional 588 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Allegion were worth $490,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ALLE. Stifel Financial Corp raised its stake in shares of Allegion by 4.1% in the fourth quarter. Stifel Financial Corp now owns 130,196 shares of the scientific and technical instruments company’s stock worth $16,495,000 after purchasing an additional 5,133 shares during the last quarter. Norden Group LLC acquired a new position in Allegion in the 1st quarter worth approximately $2,271,000. BNP Paribas Financial Markets raised its position in Allegion by 90.7% during the 1st quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock worth $16,380,000 after buying an additional 57,832 shares during the last quarter. Morningstar Investment Services LLC lifted its stake in Allegion by 107.6% during the 4th quarter. Morningstar Investment Services LLC now owns 218,489 shares of the scientific and technical instruments company’s stock valued at $27,717,000 after acquiring an additional 113,227 shares during the period. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of Allegion by 18.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 66,701 shares of the scientific and technical instruments company’s stock valued at $8,450,000 after acquiring an additional 10,300 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ALLE shares. Barclays raised their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” 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, Wells Fargo & Company upped their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.40.

Allegion Stock Up 0.2 %

ALLE stock 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. The firm has a market cap of $12.52 billion, a PE ratio of 23.44, a P/E/G 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 $146.41. 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 firm 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 EPS. On average, research analysts forecast that Allegion plc will post 7.26 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.34%. Allegion’s dividend payout ratio (DPR) is 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.