Public Employees Retirement Association of Colorado Trims Stock Holdings in Allegion plc (NYSE:ALLE)

Public Employees Retirement Association of Colorado lowered its position in shares of Allegion plc (NYSE:ALLE) by 0.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 131,818 shares of the scientific and technical instruments company’s stock after selling 813 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.15% of Allegion worth $15,574,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ALLE. Crewe Advisors LLC lifted its holdings in shares of Allegion by 160.2% during the second 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 period. Robeco Institutional Asset Management B.V. lifted its stake in Allegion by 19.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 23,634 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 3,823 shares during the period. Gradient Investments LLC purchased a new stake in shares of Allegion in the 2nd quarter valued at $38,000. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 121 shares during the period. Finally, Covestor Ltd raised its holdings 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 purchasing an additional 225 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 2.0 %

ALLE opened at $140.40 on Friday. The company has a fifty day moving average of $133.90 and a two-hundred day moving average of $127.63. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 4.21 and a beta of 1.12. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week 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 released its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.76 EPS. On average, research analysts expect that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Announces Dividend

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 paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.37%. Allegion’s dividend payout ratio is currently 31.32%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ALLE shares. Wells Fargo & Company upped their price target on shares of Allegion from $125.00 to $137.00 and gave the company an “equal weight” 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, Barclays raised their target price on Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.