Groupe la Francaise Acquires 4,594 Shares of Allegion PLC $ALLE

Groupe la Francaise boosted its holdings in shares of Allegion PLC (NYSE:ALLE) by 20.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,820 shares of the scientific and technical instruments company’s stock after buying an additional 4,594 shares during the quarter. Groupe la Francaise’s holdings in Allegion were worth $3,848,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sound Income Strategies LLC purchased a new position in shares of Allegion during the 2nd quarter worth $32,000. Spire Wealth Management raised its holdings in Allegion by 78.0% in the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in Allegion by 91.7% during the first 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 purchasing an additional 143 shares in the last quarter. National Pension Service lifted its position in Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Allegion during the first quarter valued at about $44,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Trading Down 0.0%

Allegion stock opened at $164.10 on Thursday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68. The firm’s 50 day moving average price is $169.68 and its 200-day moving average price is $161.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The stock has a market cap of $14.12 billion, a P/E ratio of 22.21, a PEG ratio of 3.21 and a beta of 1.03.

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

Analysts Set New Price Targets

Several research analysts have recently commented on ALLE shares. Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Wells Fargo & Company upped their price target on shares of Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus 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.