Allegion plc (NYSE:ALLE) Position Increased by JLB & Associates Inc.

JLB & Associates Inc. boosted its stake in shares of Allegion plc (NYSE:ALLE) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,990 shares of the scientific and technical instruments company’s stock after purchasing an additional 338 shares during the quarter. JLB & Associates Inc.’s holdings in Allegion were worth $4,043,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in shares of Allegion in the fourth quarter valued at approximately $656,000. Asset Management One Co. Ltd. increased its position in Allegion by 0.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 34,030 shares of the scientific and technical instruments company’s stock valued at $4,491,000 after acquiring an additional 227 shares during the period. New York State Teachers Retirement System raised its stake in Allegion by 8.6% during the 4th quarter. New York State Teachers Retirement System now owns 78,497 shares of the scientific and technical instruments company’s stock valued at $10,258,000 after acquiring an additional 6,213 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Allegion during the 4th quarter worth $2,124,000. Finally, Sanctuary Advisors LLC grew its stake in shares of Allegion by 9.9% in the fourth quarter. Sanctuary Advisors LLC now owns 20,745 shares of the scientific and technical instruments company’s stock worth $2,770,000 after purchasing an additional 1,874 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Performance

NYSE:ALLE opened at $136.02 on Tuesday. The company has a 50-day moving average of $136.86 and a 200-day moving average of $132.89. The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 3.97 and a beta of 1.02. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 1.32. Allegion plc has a twelve month low of $113.27 and a twelve month high of $156.10.

Allegion (NYSE:ALLE) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.18. The firm had revenue of $941.90 million during the quarter, compared to analysts’ expectations of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. Analysts forecast that Allegion plc will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is presently 28.65%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALLE. Morgan Stanley lifted their price objective on shares of Allegion from $137.00 to $139.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 19th. Robert W. Baird boosted their price target on shares of Allegion from $144.00 to $150.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Wall Street Zen cut shares of Allegion from a “buy” rating to a “hold” rating in a report on Friday, March 7th. Barclays raised their price objective on shares of Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a research note on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on Allegion from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and an average target price of $140.40.

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.