Coldstream Capital Management Inc. Acquires 595 Shares of Allegion PLC $ALLE

Coldstream Capital Management Inc. lifted its holdings in shares of Allegion PLC (NYSE:ALLE) by 53.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,712 shares of the scientific and technical instruments company’s stock after acquiring an additional 595 shares during the period. Coldstream Capital Management Inc.’s holdings in Allegion were worth $247,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Allegion during the second quarter worth about $32,000. Spire Wealth Management lifted its position in shares of Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in shares of Allegion by 91.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock worth $39,000 after buying an additional 143 shares during the period. National Pension Service boosted its stake 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 buying an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Allegion in the first quarter valued at $44,000. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of ALLE stock opened at $166.03 on Friday. The stock has a market cap of $14.28 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.24 and a beta of 1.07. The stock has a 50-day moving average of $170.42 and a 200-day moving average of $160.59. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. Allegion PLC has a one year low of $116.57 and a one year high of $180.68.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $2.16 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, sell-side analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ALLE. The Goldman Sachs Group lifted their price objective on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Finally, Robert W. Baird boosted their target price on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $176.38.

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.