Allegion PLC $ALLE Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. cut its stake in Allegion PLC (NYSE:ALLE) by 44.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,864 shares of the scientific and technical instruments company’s stock after selling 17,790 shares during the period. Graham Capital Management L.P.’s holdings in Allegion were worth $2,852,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its stake in Allegion by 1.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock worth $545,000 after purchasing an additional 73 shares in the last quarter. Whittier Trust Co. boosted its stake in Allegion by 16.6% in the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 82 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Allegion by 2.4% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 3,593 shares of the scientific and technical instruments company’s stock worth $469,000 after purchasing an additional 83 shares in the last quarter. DMC Group LLC boosted its stake in Allegion by 2.2% in the 1st quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock worth $516,000 after purchasing an additional 85 shares in the last quarter. Finally, Ethic Inc. boosted its stake in Allegion by 1.2% in the 1st quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company’s stock worth $984,000 after purchasing an additional 87 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of NYSE ALLE opened at $169.72 on Monday. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $172.95. The company has a 50 day simple moving average of $158.32 and a two-hundred day simple moving average of $141.83. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 3.65 and a beta of 1.07.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $999.10 million. During the same period in the previous year, the business posted $1.96 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.

Insider Buying and Selling at Allegion

In related news, SVP Tracy L. Kemp sold 3,849 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the transaction, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. The trade was a 30.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the completion of the transaction, the senior vice president owned 30,023 shares of the company’s stock, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the subject of a number of recent analyst reports. Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Barclays upgraded shares of Allegion from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $156.00 to $163.00 in a research note on Thursday, August 14th. JPMorgan Chase & Co. began coverage on shares of Allegion in a research note on Tuesday, June 24th. They set an “overweight” rating and a $170.00 price objective for the company. Robert W. Baird lifted their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Finally, Mizuho lifted their price objective on shares of Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus price target of $166.75.

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.