Quarry LP Acquires 136 Shares of Allegion plc (NYSE:ALLE)

Quarry LP increased its holdings in Allegion plc (NYSE:ALLE) by 56.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 379 shares of the scientific and technical instruments company’s stock after buying an additional 136 shares during the period. Quarry LP’s holdings in Allegion were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Crewe Advisors LLC raised its position in shares of 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 boosted its position in Allegion by 255.7% in the 1st quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after buying an additional 225 shares during the period. Gradient Investments LLC acquired a new stake in shares of Allegion in the 2nd quarter valued at $38,000. Larson Financial Group LLC acquired a new stake in shares of Allegion in the 1st quarter valued at $44,000. Finally, Blue Trust Inc. raised its stake 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 worth $41,000 after acquiring an additional 121 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of recent research reports. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Barclays boosted their price objective on shares of Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price target on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $129.00.

Allegion Stock Down 0.2 %

NYSE:ALLE opened at $145.61 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. Allegion plc has a 1-year low of $95.94 and a 1-year high of $146.76. The business’s fifty day moving average price is $137.19 and its 200 day moving average price is $128.56. The firm has a market capitalization of $12.73 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 4.38 and a beta of 1.12.

Allegion (NYSE:ALLE) last announced its 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 the consensus estimate of $953.63 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 EPS. On average, sell-side analysts forecast that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 dividend on an annualized basis and a yield of 1.32%. Allegion’s dividend payout ratio is 31.32%.

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.