Wealth Enhancement Advisory Services LLC Decreases Stock Position in Allegion PLC $ALLE

Wealth Enhancement Advisory Services LLC lowered its stake in Allegion PLC (NYSE:ALLE) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,511 shares of the scientific and technical instruments company’s stock after selling 3,458 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allegion were worth $5,852,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in Allegion during the 1st quarter valued at approximately $30,000. Garde Capital Inc. bought a new position in Allegion during the 1st quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC lifted its position in Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock valued at $39,000 after acquiring an additional 143 shares in the last quarter. National Pension Service lifted its position in Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in Allegion in the 1st quarter valued at approximately $44,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 1.1%

Shares of ALLE stock opened at $175.40 on Thursday. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $180.34. 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 firm has a market capitalization of $15.06 billion, a PE ratio of 24.36, a PEG ratio of 3.81 and a beta of 1.07. The stock has a fifty day simple moving average of $168.17 and a two-hundred day simple moving average of $147.32.

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, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same quarter in the prior year, the firm earned $1.96 EPS. The business’s revenue was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

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

Insider Activity

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

Analyst Ratings Changes

ALLE has been the topic of several analyst reports. 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. Robert W. Baird boosted their target price on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Zacks Research lowered shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. began coverage on shares of Allegion in a research note on Tuesday, June 24th. They set an “overweight” rating and a $170.00 target price for the company. Finally, Barclays upgraded shares of Allegion from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $156.00 to $163.00 in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus price target of $170.25.

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.