90,600 Shares in Allegion plc (NYSE:ALLE) Purchased by Andra AP fonden

Andra AP fonden acquired a new position in shares of Allegion plc (NYSE:ALLE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 90,600 shares of the scientific and technical instruments company’s stock, valued at approximately $10,704,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA bought a new stake in shares of Allegion in the 4th quarter worth approximately $120,959,000. Norges Bank bought a new position in shares of Allegion during the fourth quarter valued at $110,740,000. APG Asset Management US Inc. purchased a new position in shares of Allegion in the 4th quarter worth about $66,449,000. Brown Advisory Inc. boosted its stake in Allegion by 33.0% in the 4th quarter. Brown Advisory Inc. now owns 1,895,352 shares of the scientific and technical instruments company’s stock worth $240,122,000 after purchasing an additional 470,104 shares in the last quarter. Finally, Hawk Ridge Capital Management LP grew its position in Allegion by 39.8% during the 4th quarter. Hawk Ridge Capital Management LP now owns 712,774 shares of the scientific and technical instruments company’s stock valued at $90,301,000 after purchasing an additional 202,774 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on ALLE shares. Barclays lifted their target price on shares of Allegion from $112.00 to $117.00 and gave the stock an “underweight” rating in a report on Thursday, July 25th. StockNews.com upgraded shares of Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Wells Fargo & Company lifted their target price on Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.40.

Allegion Trading Up 1.2 %

Shares of ALLE stock opened at $136.15 on Wednesday. The stock has a market capitalization of $11.86 billion, a P/E ratio of 22.21, a P/E/G ratio of 4.13 and a beta of 1.12. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $129.59 and its 200 day moving average is $126.83. Allegion plc has a 12-month low of $95.94 and a 12-month high of $141.99.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $953.63 million. During the same quarter in the previous year, the company posted $1.76 earnings per share. Allegion’s revenue was up 5.8% compared to the same quarter last year. Research analysts expect that Allegion plc will post 7.26 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, September 20th. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

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.