Victory Capital Management Inc. Has $7.04 Million Stock Holdings in Allegion plc (NYSE:ALLE)

Victory Capital Management Inc. reduced its holdings in Allegion plc (NYSE:ALLE) by 9.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 59,585 shares of the scientific and technical instruments company’s stock after selling 6,364 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Allegion worth $7,040,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Crewe Advisors LLC raised its position in 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 purchasing an additional 149 shares during the last quarter. Covestor Ltd raised its position in shares of Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 225 shares during the last quarter. Gradient Investments LLC acquired a new position in shares of Allegion in the second quarter worth approximately $38,000. Larson Financial Group LLC bought a new stake in Allegion in the first quarter valued at approximately $44,000. Finally, Blue Trust Inc. increased 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 valued at $41,000 after purchasing an additional 121 shares during the period. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Up 1.5 %

Shares of NYSE ALLE opened at $141.17 on Monday. 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 $131.41 and a 200-day moving average price of $127.11. The stock has a market capitalization of $12.30 billion, a P/E ratio of 23.03, a P/E/G ratio of 4.21 and a beta of 1.12. Allegion plc has a 1 year low of $95.94 and a 1 year high of $141.99.

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

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.92 annualized dividend and a dividend yield of 1.36%. Allegion’s dividend payout ratio is currently 31.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Barclays upped their price objective on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research note on Thursday, July 25th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Wells Fargo & Company boosted their price objective on Allegion from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $125.40.

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.