Cetera Investment Advisers Has $1.63 Million Position in Allegion plc (NYSE:ALLE)

Cetera Investment Advisers lifted its holdings in Allegion plc (NYSE:ALLE) by 5.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,788 shares of the scientific and technical instruments company’s stock after buying an additional 697 shares during the period. Cetera Investment Advisers’ holdings in Allegion were worth $1,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Crewe Advisors LLC boosted its position in Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 149 shares during the last quarter. Gradient Investments LLC acquired a new stake in shares of Allegion during the 2nd quarter valued at about $38,000. Kimelman & Baird LLC bought a new stake in shares of Allegion in the 2nd quarter valued at approximately $39,000. Blue Trust Inc. increased its holdings in 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 buying an additional 121 shares during the last quarter. Finally, Covestor Ltd raised its position in Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 225 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock opened at $149.54 on Tuesday. The firm has a market cap of $13.08 billion, a P/E ratio of 24.39, a price-to-earnings-growth ratio of 4.50 and a beta of 1.12. The firm’s 50-day simple moving average is $138.71 and its 200-day simple moving average is $129.04. Allegion plc has a twelve month low of $95.94 and a twelve month high of $149.66. 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 data 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. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The company had revenue of $965.60 million for the quarter, compared to analyst estimates of $953.63 million. During the same period in the prior year, the company posted $1.76 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, research analysts expect that Allegion plc will post 7.26 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend yield of 1.28%. Allegion’s payout ratio is presently 31.32%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ALLE. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Barclays boosted their price target on Allegion from $117.00 to $135.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and an average price target of $132.00.

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.