Oppenheimer Asset Management Inc. decreased its stake in shares of Allegion PLC (NYSE:ALLE) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,159 shares of the scientific and technical instruments company’s stock after selling 253 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Allegion were worth $239,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ALLE. Geode Capital Management LLC increased its position in Allegion by 8.8% during the fourth 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 buying an additional 103,030 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Allegion by 8.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 524,977 shares of the scientific and technical instruments company’s stock worth $41,844,000 after buying an additional 41,509 shares in the last quarter. California Public Employees Retirement System increased its position in Allegion by 7.7% during the first 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 buying an additional 13,569 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Allegion by 3.9% during the first 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 buying an additional 318 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in shares of Allegion by 1.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 52,331 shares of the scientific and technical instruments company’s stock valued at $4,747,000 after purchasing an additional 500 shares during the period. 92.52% of the stock is owned by institutional investors.

ALLE has been the subject of a number of recent analyst reports. Wells Fargo & Co lifted their price objective on Allegion from $108.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. ValuEngine downgraded Allegion from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America lifted their price objective on Allegion from $114.00 to $116.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Barclays lifted their price objective on Allegion from $105.00 to $114.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Finally, Imperial Capital lifted their target price on Allegion from $102.00 to $105.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $105.88.

Shares of ALLE traded up $1.65 during midday trading on Friday, reaching $101.98. 12,443 shares of the company were exchanged, compared to its average volume of 660,668. The stock has a 50-day moving average price of $98.46 and a 200-day moving average price of $98.73. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.80 and a beta of 1.19. Allegion PLC has a 1-year low of $74.83 and a 1-year high of $111.99. The company has a current ratio of 1.71, a quick ratio of 1.12 and a debt-to-equity ratio of 2.10.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 25th. The scientific and technical instruments company reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.05). The company had revenue of $731.20 million for the quarter, compared to analyst estimates of $750.76 million. Allegion had a return on equity of 68.47% and a net margin of 15.65%. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 EPS. Equities research analysts anticipate that Allegion PLC will post 4.84 earnings per share for the current year.

The business 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 dividend of $0.27 per share. 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 is presently 24.00%.

Allegion Company 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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