Tredje AP fonden Acquires 1,995 Shares of Allegion PLC $ALLE

Tredje AP fonden raised its holdings in Allegion PLC (NYSE:ALLE) by 14.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,714 shares of the scientific and technical instruments company’s stock after buying an additional 1,995 shares during the quarter. Tredje AP fonden’s holdings in Allegion were worth $2,265,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mission Wealth Management LP lifted its stake in shares of Allegion by 1.4% in the 2nd quarter. Mission Wealth Management LP now owns 6,123 shares of the scientific and technical instruments company’s stock valued at $883,000 after purchasing an additional 85 shares during the period. GHP Investment Advisors Inc. lifted its stake in shares of Allegion by 1,077.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 14,186 shares of the scientific and technical instruments company’s stock valued at $2,045,000 after purchasing an additional 12,981 shares during the period. Cooke & Bieler LP lifted its stake in shares of Allegion by 118.5% in the 2nd quarter. Cooke & Bieler LP now owns 544,659 shares of the scientific and technical instruments company’s stock valued at $78,496,000 after purchasing an additional 295,395 shares during the period. IFG Advisory LLC purchased a new position in shares of Allegion in the 2nd quarter valued at approximately $894,000. Finally, Simon Quick Advisors LLC lifted its stake in shares of Allegion by 39.2% in the 2nd quarter. Simon Quick Advisors LLC now owns 2,966 shares of the scientific and technical instruments company’s stock valued at $427,000 after purchasing an additional 835 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

ALLE has been the subject of a number of research analyst reports. Barclays raised their target price on Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Morgan Stanley lifted their target price on shares of Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Wells Fargo & Company lifted their target price on shares of Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $176.38.

Allegion Stock Up 0.4%

Shares of NYSE:ALLE opened at $166.01 on Monday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.68. The stock has a fifty day simple moving average of $173.82 and a two-hundred day simple moving average of $156.81. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $14.28 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 3.25 and a beta of 1.07.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.09. Allegion had a return on equity of 40.83% and a net margin of 16.09%.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 business earned $2.16 earnings per share. The company’s revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Insider Buying and Selling at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president owned 30,023 shares in the company, valued at $4,946,589.48. The trade was 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 available through this link. 0.23% of the stock is owned by corporate insiders.

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.