Dimensional Fund Advisors LP trimmed its stake in Allegion plc (NYSE:ALLE – Free Report) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 895,961 shares of the scientific and technical instruments company’s stock after selling 7,904 shares during the period. Dimensional Fund Advisors LP owned about 1.02% of Allegion worth $105,852,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners increased its holdings in Allegion by 1.5% in the first quarter. Boston Partners now owns 5,006,225 shares of the scientific and technical instruments company’s stock valued at $673,441,000 after purchasing an additional 72,773 shares during the period. Van ECK Associates Corp increased its holdings in Allegion by 2.8% in the first quarter. Van ECK Associates Corp now owns 3,306,600 shares of the scientific and technical instruments company’s stock valued at $445,432,000 after purchasing an additional 90,951 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in Allegion by 7.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,672,237 shares of the scientific and technical instruments company’s stock valued at $197,575,000 after purchasing an additional 120,870 shares during the period. Russell Investments Group Ltd. boosted its position in Allegion by 1.4% during the first quarter. Russell Investments Group Ltd. now owns 856,816 shares of the scientific and technical instruments company’s stock valued at $115,411,000 after acquiring an additional 11,947 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in Allegion by 0.8% during the first quarter. Lord Abbett & CO. LLC now owns 819,015 shares of the scientific and technical instruments company’s stock valued at $110,330,000 after acquiring an additional 6,877 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Allegion Trading Up 1.6 %
ALLE opened at $142.62 on Tuesday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23. Allegion plc has a fifty-two week low of $95.94 and a fifty-two week high of $146.41. The firm has a market capitalization of $12.47 billion, a PE ratio of 23.27, a P/E/G ratio of 4.21 and a beta of 1.12. The company’s 50-day moving average is $134.30 and its 200 day moving average is $127.70.
Allegion Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.35%. Allegion’s dividend payout ratio is presently 31.32%.
Wall Street Analyst Weigh In
ALLE has been the topic of a number of research analyst reports. StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Barclays upped their price target on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research report on Thursday, July 25th. Finally, 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 research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $125.40.
View Our Latest Report on ALLE
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.
Further Reading
- Five stocks we like better than Allegion
- Canada Bond Market Holiday: How to Invest and Trade
- The Average 401k Balance by Age Explained
- Market Cap Calculator: How to Calculate Market Cap
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- Trading Halts Explained
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Want to see what other hedge funds are holding ALLE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allegion plc (NYSE:ALLE – Free Report).
Receive News & Ratings for Allegion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allegion and related companies with MarketBeat.com's FREE daily email newsletter.