Riverhead Capital Management LLC lowered its stake in Allegion PLC (NYSE:ALLE) by 39.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,550 shares of the scientific and technical instruments company’s stock after selling 2,280 shares during the period. Riverhead Capital Management LLC’s holdings in Allegion were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of Allegion by 8.8% during the 4th quarter. Geode Capital Management LLC now owns 1,274,114 shares of the scientific and technical instruments company’s stock worth $101,389,000 after acquiring an additional 103,030 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Allegion by 8.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 524,977 shares of the scientific and technical instruments company’s stock worth $41,844,000 after acquiring an additional 41,509 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Allegion by 7.7% during the 1st quarter. California Public Employees Retirement System now owns 189,664 shares of the scientific and technical instruments company’s stock worth $17,204,000 after acquiring an additional 13,569 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Allegion by 3.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 8,396 shares of the scientific and technical instruments company’s stock worth $762,000 after acquiring an additional 318 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of Allegion by 1.0% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 52,331 shares of the scientific and technical instruments company’s stock worth $4,747,000 after acquiring an additional 500 shares in the last quarter. 92.52% of the stock is currently owned by institutional investors.

Shares of ALLE stock traded up $1.66 during midday trading on Friday, hitting $101.99. The company had a trading volume of 14,001 shares, compared to its average volume of 660,668. The company’s 50 day simple moving average is $98.46 and its 200 day simple moving average is $98.73. Allegion PLC has a 52-week low of $74.83 and a 52-week high of $111.99. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.80 and a beta of 1.19. The company has a debt-to-equity ratio of 2.10, a current ratio of 1.71 and a quick ratio of 1.12.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 25th. The scientific and technical instruments company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). Allegion had a net margin of 15.65% and a return on equity of 68.47%. The company had revenue of $731.20 million during the quarter, compared to analysts’ expectations of $750.76 million. During the same quarter last year, the business posted $1.19 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Analysts anticipate that Allegion PLC will post 4.84 EPS for the current year.

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

ALLE has been the topic of several research analyst reports. Wells Fargo & Co raised their target price on Allegion from $108.00 to $115.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Imperial Capital raised their target price on Allegion from $102.00 to $105.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. ValuEngine lowered Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Credit Suisse Group downgraded Allegion from an “outperform” rating to a “neutral” rating and raised their price target for the stock from $108.00 to $112.00 in a research note on Monday, July 8th. They noted that the move was a valuation call. Finally, Bank of America raised their price target on Allegion from $114.00 to $116.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.88.

About Allegion

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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