Wealth Alliance LLC Grows Stock Position in Allegion PLC $ALLE

Wealth Alliance LLC raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 34.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,758 shares of the scientific and technical instruments company’s stock after acquiring an additional 712 shares during the quarter. Wealth Alliance LLC’s holdings in Allegion were worth $397,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of ALLE. KBC Group NV increased its stake in shares of Allegion by 27.7% during the 2nd quarter. KBC Group NV now owns 18,652 shares of the scientific and technical instruments company’s stock worth $2,688,000 after purchasing an additional 4,048 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Allegion by 16.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 111,889 shares of the scientific and technical instruments company’s stock worth $16,125,000 after acquiring an additional 15,827 shares during the last quarter. National Pension Service lifted its position in shares of Allegion by 340.1% in the second quarter. National Pension Service now owns 1,417 shares of the scientific and technical instruments company’s stock valued at $204,000 after acquiring an additional 1,095 shares in the last quarter. Vise Technologies Inc. acquired a new stake in shares of Allegion during the second quarter valued at $228,000. Finally, Allworth Financial LP increased its position in Allegion by 12.5% during the 2nd quarter. Allworth Financial LP now owns 1,179 shares of the scientific and technical instruments company’s stock worth $170,000 after purchasing an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on ALLE. Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Robert W. Baird raised their target price on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group boosted their price target on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Barclays increased their price target on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.38.

Allegion Trading Down 2.4%

ALLE stock opened at $164.31 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The company has a market cap of $14.14 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.29 and a beta of 1.07. The business has a fifty day simple moving average of $173.11 and a 200-day simple moving average of $158.73. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous 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 research analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

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