Meeder Asset Management Inc. bought a new position in shares of Allegion PLC (NYSE:ALLE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,653 shares of the scientific and technical instruments company’s stock, valued at approximately $785,000.

Several other large investors have also modified their holdings of ALLE. Gotham Asset Management LLC acquired a new stake in shares of Allegion in the 4th quarter worth about $284,000. Dorsey Wright & Associates increased its holdings in shares of Allegion by 192.8% in the 4th quarter. Dorsey Wright & Associates now owns 51,097 shares of the scientific and technical instruments company’s stock worth $4,073,000 after acquiring an additional 33,644 shares during the period. Vanguard Group Inc increased its holdings in shares of Allegion by 1.7% in the 3rd quarter. Vanguard Group Inc now owns 9,963,751 shares of the scientific and technical instruments company’s stock worth $902,417,000 after acquiring an additional 164,422 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Allegion by 40.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 20,467 shares of the scientific and technical instruments company’s stock worth $1,631,000 after acquiring an additional 5,926 shares during the period. Finally, Vigilant Capital Management LLC increased its holdings in shares of Allegion by 1.2% in the 1st quarter. Vigilant Capital Management LLC now owns 164,387 shares of the scientific and technical instruments company’s stock worth $14,912,000 after acquiring an additional 1,937 shares during the period. 95.56% of the stock is currently owned by institutional investors.

A number of analysts recently weighed in on ALLE shares. ValuEngine raised shares of Allegion from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Zacks Investment Research raised shares of Allegion from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Morgan Stanley set a $92.00 price objective on shares of Allegion and gave the stock a “hold” rating in a report on Wednesday, February 20th. Finally, Goldman Sachs Group cut shares of Allegion from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $98.00 to $92.00 in a report on Wednesday, February 20th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Allegion currently has an average rating of “Hold” and an average target price of $94.40.

Allegion stock opened at $93.75 on Friday. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.75 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.25 and a current ratio of 1.79. Allegion PLC has a 52 week low of $73.85 and a 52 week high of $95.27.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, February 19th. The scientific and technical instruments company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.01. The firm had revenue of $702.40 million for the quarter, compared to analysts’ expectations of $703.17 million. Allegion had a net margin of 15.92% and a return on equity of 77.42%. Allegion’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $1.11 EPS. As a group, research analysts forecast that Allegion PLC will post 4.86 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.27 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.08 annualized dividend and a yield of 1.15%. Allegion’s payout ratio is 24.00%.

In other Allegion news, VP Chris E. Muhlenkamp sold 618 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $91.56, for a total transaction of $56,584.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Patrick S. Shannon sold 34,898 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $87.44, for a total transaction of $3,051,481.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,129 shares of company stock worth $5,928,592. 0.75% of the stock is owned by corporate insiders.

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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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