Boston Trust Walden Corp Has $66.18 Million Stock Position in Allegion plc (NYSE:ALLE)

Boston Trust Walden Corp cut its stake in shares of Allegion plc (NYSE:ALLE) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 454,105 shares of the scientific and technical instruments company’s stock after selling 1,203 shares during the period. Boston Trust Walden Corp owned approximately 0.52% of Allegion worth $66,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norden Group LLC acquired a new stake in Allegion during the 1st quarter worth $2,271,000. BNP Paribas Financial Markets grew its position in shares of Allegion by 90.7% in the 1st quarter. BNP Paribas Financial Markets now owns 121,597 shares of the scientific and technical instruments company’s stock valued at $16,380,000 after purchasing an additional 57,832 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Allegion by 5.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 215,829 shares of the scientific and technical instruments company’s stock worth $29,074,000 after buying an additional 10,896 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in Allegion by 22.9% in the first quarter. State Board of Administration of Florida Retirement System now owns 105,089 shares of the scientific and technical instruments company’s stock valued at $14,157,000 after buying an additional 19,570 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Allegion during the second quarter worth $3,762,000. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 1.8 %

ALLE stock traded down $2.67 during mid-day trading on Friday, reaching $142.60. The company had a trading volume of 1,155,969 shares, compared to its average volume of 710,108. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 4.50 and a beta of 1.12. Allegion plc has a 52 week low of $95.97 and a 52 week high of $156.10. The stock has a 50 day simple moving average of $142.34 and a two-hundred day simple moving average of $130.18. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.66 and a quick ratio of 1.23.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 24th. The scientific and technical instruments company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.98 by $0.18. The company had revenue of $967.10 million during the quarter, compared to the consensus estimate of $970.70 million. Allegion had a return on equity of 47.21% and a net margin of 15.08%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.94 EPS. As a group, equities analysts predict that Allegion plc will post 7.26 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 20th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.92 annualized dividend and a yield of 1.35%. Allegion’s dividend payout ratio (DPR) is currently 31.32%.

Analyst Ratings Changes

Several equities research analysts recently commented on ALLE shares. Barclays boosted their price objective on shares of Allegion from $117.00 to $135.00 and gave the company an “underweight” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on Allegion from $137.00 to $152.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Mizuho increased their price objective on Allegion from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. StockNews.com upgraded Allegion from a “hold” rating to a “buy” rating in a research note on Saturday, July 27th. Finally, Robert W. Baird raised their price target on shares of Allegion from $145.00 to $152.00 and gave the stock a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $144.20.

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.