Vaughan Nelson Investment Management L.P. Sells 5,295 Shares of Allegion PLC $ALLE

Vaughan Nelson Investment Management L.P. decreased its holdings in shares of Allegion PLC (NYSE:ALLE) by 4.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 127,736 shares of the scientific and technical instruments company’s stock after selling 5,295 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Allegion were worth $22,654,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of Allegion in the second quarter worth about $32,000. CYBER HORNET ETFs LLC bought a new stake in Allegion in the second quarter worth approximately $33,000. Spire Wealth Management grew its stake in shares of Allegion by 78.0% in the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 103 shares during the period. MUFG Securities EMEA plc acquired a new position in Allegion during the second quarter worth $37,000. Finally, Trust Co. of Toledo NA OH bought a new stake in Allegion during the third quarter worth $53,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 1.7%

Shares of ALLE stock opened at $159.08 on Thursday. The company’s fifty day simple moving average is $162.51 and its two-hundred day simple moving average is $164.66. 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 stock has a market cap of $13.69 billion, a P/E ratio of 21.53, a PEG ratio of 2.93 and a beta of 1.04. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) 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 return on equity of 40.83% and a net margin of 16.09%.Allegion’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a $0.51 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. Allegion’s dividend payout ratio is currently 27.60%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALLE shares. Robert W. Baird lifted their price target on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays cut their target price on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Allegion has an average rating of “Hold” and a consensus target price of $174.25.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.