Jupiter Asset Management Ltd. Acquires Shares of 26,586 Allegion plc (NYSE:ALLE)

Jupiter Asset Management Ltd. acquired a new stake in shares of Allegion plc (NYSE:ALLE) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 26,586 shares of the scientific and technical instruments company’s stock, valued at approximately $3,190,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Allegion by 27.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,068 shares of the scientific and technical instruments company’s stock valued at $996,000 after purchasing an additional 1,944 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Allegion by 11.8% in the first quarter. American Century Companies Inc. now owns 5,825 shares of the scientific and technical instruments company’s stock valued at $639,000 after purchasing an additional 614 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Allegion by 7.9% in the first quarter. HighTower Advisors LLC now owns 6,947 shares of the scientific and technical instruments company’s stock valued at $759,000 after purchasing an additional 510 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Allegion by 35.2% in the first quarter. Private Advisor Group LLC now owns 2,090 shares of the scientific and technical instruments company’s stock valued at $229,000 after purchasing an additional 544 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Allegion by 88.3% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,336 shares of the scientific and technical instruments company’s stock valued at $366,000 after purchasing an additional 1,564 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALLE. Longbow Research lowered shares of Allegion from a “buy” rating to a “neutral” rating in a report on Wednesday, September 6th. Vertical Research lowered shares of Allegion from a “buy” rating to a “hold” rating and cut their target price for the company from $128.00 to $100.00 in a report on Thursday, October 19th. StockNews.com started coverage on Allegion in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Robert W. Baird raised their price target on Allegion from $126.00 to $132.00 in a research report on Thursday, July 27th. Finally, Wells Fargo & Company lowered their price target on Allegion from $130.00 to $120.00 in a research report on Monday, October 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Allegion presently has an average rating of “Moderate Buy” and a consensus price target of $121.14.

Allegion Stock Up 0.4 %

NYSE:ALLE opened at $106.35 on Friday. Allegion plc has a twelve month low of $95.94 and a twelve month high of $128.36. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.63 and a beta of 1.13. The stock has a fifty day simple moving average of $102.78 and a 200-day simple moving average of $109.77. The company has a current ratio of 2.03, a quick ratio of 1.31 and a debt-to-equity ratio of 1.63.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.21. Allegion had a return on equity of 55.71% and a net margin of 15.41%. The business had revenue of $917.90 million during the quarter, compared to the consensus estimate of $908.93 million. During the same period last year, the company earned $1.64 earnings per share. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Analysts anticipate that Allegion plc will post 6.85 EPS for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Monday, September 18th were given a dividend of $0.45 per share. The ex-dividend date was Friday, September 15th. This represents a $1.80 annualized dividend and a dividend yield of 1.69%. Allegion’s dividend payout ratio (DPR) is 28.53%.

Allegion Profile

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.