Greenwich Wealth Management LLC Buys 79 Shares of Allegion plc (NYSE:ALLE)

Greenwich Wealth Management LLC raised its stake in shares of Allegion plc (NYSE:ALLE) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,908 shares of the scientific and technical instruments company’s stock after buying an additional 79 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Allegion were worth $1,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Crewe Advisors LLC grew its holdings in Allegion by 160.2% during the second quarter. Crewe Advisors LLC now owns 242 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 149 shares during the period. Covestor Ltd lifted its holdings in Allegion by 255.7% during the first quarter. Covestor Ltd now owns 313 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 225 shares in the last quarter. Gradient Investments LLC acquired a new stake in shares of Allegion during the second quarter worth $38,000. Larson Financial Group LLC acquired a new stake in shares of Allegion in the 1st quarter valued at about $44,000. Finally, Blue Trust Inc. lifted its holdings in shares of Allegion by 54.0% in the second quarter. Blue Trust Inc. now owns 345 shares of the scientific and technical instruments company’s stock valued at $41,000 after purchasing an additional 121 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Stock Up 1.5 %

ALLE stock opened at $141.17 on Monday. Allegion plc has a 1-year low of $95.94 and a 1-year high of $141.99. The business’s 50 day simple moving average is $131.41 and its 200 day simple moving average is $127.11. The company has a current ratio of 1.66, a quick ratio of 1.23 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $12.30 billion, a PE ratio of 23.03, a PEG ratio of 4.21 and a beta of 1.12.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.84 by $0.12. The firm had revenue of $965.60 million for the quarter, compared to the consensus estimate of $953.63 million. Allegion had a net margin of 15.08% and a return on equity of 47.21%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 earnings per share. As a group, research analysts anticipate that Allegion plc will post 7.26 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 20th will be given a dividend of $0.48 per share. The ex-dividend date is Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.36%. Allegion’s dividend payout ratio (DPR) is presently 31.32%.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of research reports. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Wells Fargo & Company boosted their price objective on shares of Allegion from $125.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Barclays raised their target price on shares of Allegion from $112.00 to $117.00 and gave the company an “underweight” rating in a research report on Thursday, July 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $125.40.

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.