1,805 Shares in Allegion PLC (NYSE:ALLE) Purchased by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. acquired a new position in Allegion PLC (NYSE:ALLE) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 1,805 shares of the scientific and technical instruments company’s stock, valued at approximately $235,000.

Several other hedge funds also recently made changes to their positions in ALLE. Crew Capital Management Ltd. grew its holdings in shares of Allegion by 224.9% in the 4th quarter. Crew Capital Management Ltd. now owns 5,810 shares of the scientific and technical instruments company’s stock worth $759,000 after acquiring an additional 4,022 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Allegion by 438.6% during the fourth quarter. Renaissance Technologies LLC now owns 267,700 shares of the scientific and technical instruments company’s stock valued at $34,983,000 after buying an additional 218,000 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Allegion by 73.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 18,761 shares of the scientific and technical instruments company’s stock worth $2,452,000 after buying an additional 7,950 shares during the period. Magnetar Financial LLC acquired a new position in shares of Allegion in the fourth quarter worth about $4,398,000. Finally, Merit Financial Group LLC raised its holdings in shares of Allegion by 284.1% during the first quarter. Merit Financial Group LLC now owns 8,285 shares of the scientific and technical instruments company’s stock valued at $1,081,000 after acquiring an additional 6,128 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Allegion from $144.00 to $150.00 and gave the company a “neutral” rating in a report on Friday, April 25th. Wall Street Zen downgraded shares of Allegion from a “buy” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Barclays upped their price target on Allegion from $126.00 to $128.00 and gave the company an “underweight” rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $140.40.

Allegion Stock Performance

Shares of ALLE opened at $137.56 on Friday. The company’s 50 day moving average price is $137.62 and its 200 day moving average price is $132.91. Allegion PLC has a 52 week low of $113.27 and a 52 week high of $156.10. The company has a market capitalization of $11.84 billion, a PE ratio of 19.32, a PEG ratio of 3.85 and a beta of 1.02. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.51 and a current ratio of 2.17.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.68 by $0.18. Allegion had a net margin of 16.28% and a return on equity of 44.82%. The business had revenue of $941.90 million for the quarter, compared to analysts’ expectations of $918.53 million. During the same period in the previous year, the company posted $1.55 EPS. Allegion’s revenue was up 5.4% on a year-over-year basis. Research analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, June 13th. Allegion’s dividend payout ratio (DPR) is presently 28.65%.

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.