Andra AP fonden Sells 13,419 Shares of Allegion PLC $ALLE

Andra AP fonden reduced its stake in shares of Allegion PLC (NYSE:ALLE) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,081 shares of the scientific and technical instruments company’s stock after selling 13,419 shares during the quarter. Andra AP fonden owned 0.13% of Allegion worth $16,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in Allegion by 9.9% during the first quarter. Principal Financial Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock worth $17,427,000 after buying an additional 12,018 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Allegion by 30.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,864 shares of the scientific and technical instruments company’s stock worth $504,000 after acquiring an additional 901 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of Allegion by 2.6% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,708 shares of the scientific and technical instruments company’s stock worth $875,000 after acquiring an additional 170 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Allegion by 14.5% in the first quarter. Axxcess Wealth Management LLC now owns 2,379 shares of the scientific and technical instruments company’s stock valued at $310,000 after acquiring an additional 302 shares during the last quarter. Finally, DMC Group LLC increased its stake in Allegion by 2.2% in the first quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock valued at $516,000 after acquiring an additional 85 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ALLE. Mizuho upped their target price on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Wells Fargo & Company raised their price objective on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Finally, Robert W. Baird raised their price target on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $176.38.

Allegion Trading Down 0.4%

Shares of NYSE ALLE opened at $165.16 on Friday. The firm has a 50 day moving average price of $173.34 and a two-hundred day moving average price of $157.47. The stock has a market cap of $14.21 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 3.25 and a beta of 1.07. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $180.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $2.16 earnings per share. Allegion’s revenue was up 10.7% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, equities analysts forecast that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, September 15th. Allegion’s payout ratio is 27.60%.

Allegion Company 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.