UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $78.08 Million Stock Position in Allegion PLC $ALLE

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lessened its holdings in shares of Allegion PLC (NYSE:ALLE) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 598,467 shares of the scientific and technical instruments company’s stock after selling 1,890 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.70% of Allegion worth $78,076,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its position in Allegion by 1.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock valued at $545,000 after buying an additional 73 shares during the last quarter. Whittier Trust Co. increased its position in shares of Allegion by 16.6% during the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 82 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of Allegion by 2.4% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company’s stock valued at $469,000 after purchasing an additional 83 shares during the last quarter. DMC Group LLC increased its position in shares of Allegion by 2.2% during the 1st quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock valued at $516,000 after purchasing an additional 85 shares during the last quarter. Finally, Ethic Inc. increased its position in shares of Allegion by 1.2% during the 1st quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company’s stock valued at $984,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the business’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the sale, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock opened at $174.74 on Friday. The stock has a market cap of $15.00 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The stock has a 50 day moving average price of $163.55 and a 200-day moving average price of $144.69. Allegion PLC has a one year low of $116.57 and a one year high of $177.75.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $999.10 million. During the same quarter in the previous year, the business earned $1.96 EPS. Allegion’s revenue was up 5.8% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, September 15th. Allegion’s dividend payout ratio is currently 28.33%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ALLE shares. The Goldman Sachs Group lifted their target price on Allegion from $149.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Barclays upgraded Allegion from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $156.00 to $163.00 in a research report on Thursday, August 14th. Mizuho lifted their price target on Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company lifted their price target on Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Finally, Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $166.75.

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.