Congress Asset Management Co. MA grew its holdings in Allegion PLC (NYSE:ALLE) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 896,806 shares of the scientific and technical instruments company’s stock after purchasing an additional 28,038 shares during the period. Congress Asset Management Co. MA owned approximately 0.94% of Allegion worth $71,350,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. QS Investors LLC grew its position in Allegion by 1.2% during the 2nd quarter. QS Investors LLC now owns 1,310 shares of the scientific and technical instruments company’s stock worth $106,000 after acquiring an additional 16 shares during the last quarter. Whittier Trust Co. grew its position in shares of Allegion by 94.2% in the 3rd quarter. Whittier Trust Co. now owns 1,237 shares of the scientific and technical instruments company’s stock valued at $107,000 after buying an additional 600 shares during the last quarter. YorkBridge Wealth Partners LLC bought a new stake in shares of Allegion in the 3rd quarter valued at about $107,000. Zions Bancorporation grew its position in shares of Allegion by 141.9% in the 3rd quarter. Zions Bancorporation now owns 1,587 shares of the scientific and technical instruments company’s stock valued at $137,000 after buying an additional 931 shares during the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in shares of Allegion in the 3rd quarter valued at about $211,000. Institutional investors own 89.78% of the company’s stock.
Allegion PLC (NYSE ALLE) traded down $0.18 during mid-day trading on Wednesday, reaching $79.47. The company had a trading volume of 399,414 shares, compared to its average volume of 756,196. Allegion PLC has a fifty-two week low of $70.84 and a fifty-two week high of $89.81. 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 cap of $7,579.65, a P/E ratio of 22.59, a P/E/G ratio of 1.34 and a beta of 1.10.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be paid a dividend of $0.21 per share. This is an increase from Allegion’s previous quarterly dividend of $0.16. This represents a $0.84 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Wednesday, March 14th. Allegion’s dividend payout ratio is 18.18%.
A number of equities research analysts have commented on ALLE shares. Wells Fargo & Co reiterated an “outperform” rating and issued a $100.00 price target (up previously from $90.00) on shares of Allegion in a research report on Wednesday, October 18th. Zacks Investment Research lowered Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub lowered Allegion from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, Wolfe Research upgraded Allegion from a “market perform” rating to an “outperform” rating in a research report on Monday, October 30th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $89.75.
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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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