Allegion PLC $ALLE Shares Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC raised its stake in Allegion PLC (NYSE:ALLE) by 42.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,320 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,342 shares during the quarter. TD Private Client Wealth LLC’s holdings in Allegion were worth $3,073,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ALLE. AQR Capital Management LLC raised its position in shares of Allegion by 380.0% in the 1st quarter. AQR Capital Management LLC now owns 1,118,960 shares of the scientific and technical instruments company’s stock worth $142,707,000 after buying an additional 885,857 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Allegion by 22.5% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock worth $623,104,000 after acquiring an additional 878,796 shares during the last quarter. Nuveen LLC acquired a new stake in Allegion during the first quarter worth about $40,240,000. Brown Advisory Inc. raised its holdings in shares of Allegion by 13.2% in the 1st quarter. Brown Advisory Inc. now owns 2,141,492 shares of the scientific and technical instruments company’s stock worth $279,379,000 after purchasing an additional 249,295 shares during the period. Finally, Cooke & Bieler LP acquired a new position in shares of Allegion in the 1st quarter valued at about $32,519,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. The trade was a 26.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction that occurred 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 approximately $1,446,843.16. The trade was a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is owned by company insiders.

Allegion Price Performance

ALLE opened at $175.40 on Thursday. The company has a fifty day simple moving average of $168.17 and a 200 day simple moving average of $147.32. The firm has a market cap of $15.06 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.81 and a beta of 1.07. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $180.34. 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 (NYSE:ALLE) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities research analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. Allegion’s dividend payout ratio is currently 28.33%.

Analysts Set New Price Targets

Several research analysts recently commented on ALLE shares. Barclays upgraded shares of Allegion from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $156.00 to $163.00 in a report on Thursday, August 14th. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. The Goldman Sachs Group lifted their target price on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and increased their price target for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. began coverage on Allegion in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Allegion has an average rating of “Hold” and an average price target of $170.25.

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.