Diversify Advisory Services LLC Buys Shares of 6,337 Allegion plc (NYSE:ALLE)

Diversify Advisory Services LLC bought a new stake in shares of Allegion plc (NYSE:ALLEFree Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 6,337 shares of the scientific and technical instruments company’s stock, valued at approximately $839,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new stake in Allegion in the fourth quarter worth about $120,959,000. Norges Bank acquired a new stake in Allegion in the fourth quarter worth about $110,740,000. APG Asset Management US Inc. acquired a new stake in Allegion in the fourth quarter worth about $66,449,000. Brown Advisory Inc. lifted its holdings in Allegion by 33.0% in the fourth 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 during the period. Finally, Van ECK Associates Corp lifted its holdings in Allegion by 15.9% in the fourth quarter. Van ECK Associates Corp now owns 3,215,649 shares of the scientific and technical instruments company’s stock worth $407,391,000 after purchasing an additional 441,882 shares during the period. Institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays downgraded shares of Allegion from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $122.00 to $116.00 in a report on Tuesday, June 4th. UBS Group upped their price target on shares of Allegion from $113.00 to $132.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, StockNews.com raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Monday, July 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus price target of $126.83.

Read Our Latest Stock Analysis on Allegion

Insider Activity

In other news, SVP Tracy L. Kemp sold 2,194 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $121.98, for a total value of $267,624.12. Following the transaction, the senior vice president now owns 11,103 shares in the company, valued at approximately $1,354,343.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Allegion Price Performance

ALLE stock opened at $114.95 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.87 and a debt-to-equity ratio of 1.18. Allegion plc has a one year low of $95.94 and a one year high of $136.91. The firm has a market capitalization of $10.05 billion, a PE ratio of 18.75, a P/E/G ratio of 3.64 and a beta of 1.13. The firm has a 50-day moving average of $120.23 and a two-hundred day moving average of $125.23.

Allegion (NYSE:ALLEGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.10. The company had revenue of $893.90 million during the quarter, compared to analyst estimates of $888.27 million. Allegion had a net margin of 14.93% and a return on equity of 48.58%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 earnings per share. On average, analysts forecast that Allegion plc will post 7.09 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.67%. Allegion’s dividend payout ratio is 31.32%.

About Allegion

(Free Report)

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.

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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