Czech National Bank Acquires 1,067 Shares of Allegion PLC $ALLE

Czech National Bank grew its stake in shares of Allegion PLC (NYSE:ALLE) by 5.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,033 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,067 shares during the period. Czech National Bank’s holdings in Allegion were worth $3,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ALLE. Charles Schwab Investment Management Inc. boosted its holdings in Allegion by 0.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 740,233 shares of the scientific and technical instruments company’s stock worth $96,571,000 after buying an additional 4,942 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Allegion by 324.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company’s stock valued at $5,606,000 after acquiring an additional 32,842 shares during the last quarter. Atria Wealth Solutions Inc. lifted its position in Allegion by 5.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company’s stock worth $381,000 after buying an additional 154 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Allegion by 284.1% during the 1st 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 purchasing an additional 6,128 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Allegion by 6.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company’s stock valued at $15,768,000 after purchasing an additional 7,645 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Performance

Allegion stock opened at $179.39 on Friday. 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 company has a market capitalization of $15.40 billion, a PE ratio of 24.92, a P/E/G ratio of 3.84 and a beta of 1.07. The company has a 50 day moving average price of $166.36 and a 200-day moving average price of $146.32. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $180.34.

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

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.1%. Allegion’s dividend payout ratio is 28.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ALLE. JPMorgan Chase & Co. began coverage on Allegion in a report on Tuesday, June 24th. They set an “overweight” rating and a $170.00 target price for the company. Zacks Research cut Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Mizuho lifted their price objective on Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. The Goldman Sachs Group raised their price target on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Wells Fargo & Company upped their price objective on Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $170.25.

Insider Activity

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

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.