Dimensional Fund Advisors LP Has $105.85 Million Holdings in Allegion plc (NYSE:ALLE)

Dimensional Fund Advisors LP trimmed its stake in Allegion plc (NYSE:ALLE) 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 (NYSE:ALLE) last posted its 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. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. During the same quarter in the prior year, the business posted $1.76 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts predict that Allegion plc will post 7.26 earnings per share for the current fiscal year.

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.

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.