Tyers Asset Management LLC cut its position in shares of Allegion PLC (NYSE:ALLE) by 38.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,168 shares of the scientific and technical instruments company’s stock after selling 1,952 shares during the quarter. Tyers Asset Management LLC’s holdings in Allegion were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALLE. BlackRock Inc. increased its position in shares of Allegion by 9.9% during the first quarter. BlackRock Inc. now owns 7,585,468 shares of the scientific and technical instruments company’s stock worth $688,079,000 after buying an additional 685,215 shares during the period. AKO Capital LLP increased its position in shares of Allegion by 20.5% during the first quarter. AKO Capital LLP now owns 1,754,663 shares of the scientific and technical instruments company’s stock worth $159,165,000 after buying an additional 299,089 shares during the period. Carlson Capital L P acquired a new stake in shares of Allegion during the second quarter worth $26,922,000. FMR LLC increased its position in shares of Allegion by 13.5% during the first quarter. FMR LLC now owns 1,815,943 shares of the scientific and technical instruments company’s stock worth $164,724,000 after buying an additional 215,361 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Allegion by 23.9% during the second quarter. JPMorgan Chase & Co. now owns 1,054,661 shares of the scientific and technical instruments company’s stock worth $114,715,000 after buying an additional 203,119 shares during the period. Institutional investors own 92.52% of the company’s stock.

Several equities research analysts have recently weighed in on the stock. Credit Suisse Group cut shares of Allegion from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $108.00 to $112.00 in a research report on Monday, July 8th. They noted that the move was a valuation call. Wells Fargo & Co increased their target price on shares of Allegion from $108.00 to $115.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Imperial Capital increased their target price on shares of Allegion from $102.00 to $105.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. ValuEngine lowered shares of Allegion from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Barclays increased their target price on shares of Allegion from $105.00 to $114.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $105.88.

Shares of Allegion stock traded up $1.69 during trading hours on Friday, reaching $102.02. The company’s stock had a trading volume of 25,116 shares, compared to its average volume of 660,668. Allegion PLC has a one year low of $74.83 and a one year high of $111.99. The company has a market capitalization of $9.46 billion, a P/E ratio of 22.66, a P/E/G ratio of 1.80 and a beta of 1.19. The stock’s fifty day simple moving average is $98.46 and its two-hundred day simple moving average is $98.73. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.12 and a current ratio of 1.71.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 25th. The scientific and technical instruments company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Allegion had a net margin of 15.65% and a return on equity of 68.47%. The business had revenue of $731.20 million during the quarter, compared to the consensus estimate of $750.76 million. During the same period last year, the business posted $1.19 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts forecast that Allegion PLC will post 4.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, September 13th. Allegion’s dividend payout ratio (DPR) is 24.00%.

Allegion Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers and controls; doors and door systems; electronic security products; electronic, biometric and mobile 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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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