Dimensional Fund Advisors LP raised its position in shares of Allegion PLC (NYSE:ALLE) by 0.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 409,920 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,803 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.43% of Allegion worth $35,444,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in ALLE. Whittier Trust Co. grew its position in shares of Allegion by 94.2% during the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock worth $107,000 after buying an additional 600 shares during the period. Sentry Investment Management LLC grew its position in Allegion by 12.4% in the 2nd quarter. Sentry Investment Management LLC now owns 4,516 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 497 shares during the period. Parametric Portfolio Associates LLC grew its position in Allegion by 13.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 183,383 shares of the scientific and technical instruments company’s stock valued at $14,876,000 after purchasing an additional 21,699 shares during the period. Ameriprise Financial Inc. grew its position in Allegion by 27.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 155,312 shares of the scientific and technical instruments company’s stock valued at $12,600,000 after purchasing an additional 33,173 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Allegion in the 3rd quarter valued at $17,061,000. 89.44% of the stock is owned by institutional investors and hedge funds.
ALLE has been the topic of several recent analyst reports. Robert W. Baird restated a “hold” rating on shares of Allegion in a research note on Tuesday, September 26th. BidaskClub upgraded Allegion from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. Wells Fargo & Co reiterated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Allegion in a research note on Wednesday, October 18th. Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research cut Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $89.75.
Allegion PLC (NYSE:ALLE) opened at $86.23 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.54 and a debt-to-equity ratio of 3.79. The firm has a market capitalization of $8,195.56, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08. Allegion PLC has a twelve month low of $64.62 and a twelve month high of $89.81.
Allegion (NYSE:ALLE) last posted its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $1.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.02. Allegion had a return on equity of 154.50% and a net margin of 14.37%. The business had revenue of $609.40 million during the quarter, compared to analyst estimates of $622.18 million. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. equities research analysts expect that Allegion PLC will post 3.79 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Monday, December 18th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, December 15th. Allegion’s payout ratio is 18.18%.
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Allegion Company Profile
Allegion Public Limited Company is a provider of security products and solutions. The Company offers a portfolio of mechanical and electronic security products across a range of brands. Its segments include Americas; Europe, Middle East, India and Africa (EMEIA), and Asia Pacific. Its products include door closers and controls; door and door frames (steel); electronic security products; electronic and biometric access control systems; exit devices; locks, locksets, portable locks and key systems; time, attendance and workforce productivity systems, and other accessories.
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