IFP Advisors Inc Acquires 304 Shares of Allegion PLC $ALLE

IFP Advisors Inc increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 51.9% in the second quarter, Holdings Channel.com reports. The fund owned 890 shares of the scientific and technical instruments company’s stock after buying an additional 304 shares during the quarter. IFP Advisors Inc’s holdings in Allegion were worth $128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wayfinding Financial LLC bought a new stake in shares of Allegion during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of Allegion during the 2nd quarter worth approximately $32,000. Garde Capital Inc. bought a new stake in shares of Allegion during the 1st quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Allegion by 91.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 143 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Allegion by 75.0% during the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 138 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion 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 transaction, the senior vice president directly owned 30,023 shares in the company, valued at approximately $4,946,589.48. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of Allegion 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 owned 8,773 shares in the company, valued at $1,446,843.16. This represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Allegion Trading Up 0.0%

Shares of NYSE:ALLE opened at $177.57 on Friday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.34. The business’s fifty day simple moving average is $173.28 and its 200-day simple moving average is $153.07. The company has a market capitalization of $15.24 billion, a PE ratio of 24.66, a P/E/G ratio of 3.81 and a beta of 1.07. 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 announced its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.04. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. During the same period last 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, equities research analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.1%. Allegion’s dividend payout ratio (DPR) is currently 28.33%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Robert W. Baird raised their price objective on Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. The Goldman Sachs Group raised their price objective on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Mizuho raised their price objective on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price objective on Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $174.25.

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.