Aurora Investment Counsel grew its position in Allegion PLC (NYSE:ALLE – Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,466 shares of the scientific and technical instruments company’s stock after purchasing an additional 71 shares during the period. Aurora Investment Counsel’s holdings in Allegion were worth $1,797,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Inc. AR bought a new stake in shares of Allegion in the 2nd quarter valued at $253,000. Chicago Partners Investment Group LLC increased its holdings in shares of Allegion by 9.5% in the second quarter. Chicago Partners Investment Group LLC now owns 2,247 shares of the scientific and technical instruments company’s stock worth $347,000 after acquiring an additional 195 shares in the last quarter. Gladwyn Financial Advisors Inc. acquired a new stake in shares of Allegion during the second quarter worth about $50,000. Applied Finance Capital Management LLC lifted its holdings in shares of Allegion by 4.8% during the 2nd quarter. Applied Finance Capital Management LLC now owns 2,522 shares of the scientific and technical instruments company’s stock valued at $363,000 after purchasing an additional 115 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Allegion by 22.5% in the 2nd quarter. Nordea Investment Management AB now owns 1,509,567 shares of the scientific and technical instruments company’s stock valued at $216,095,000 after purchasing an additional 277,241 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ALLE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Robert W. Baird boosted their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. Zacks Research lowered shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Wells Fargo & Company lifted their price target on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Finally, Mizuho upped their price objective on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.25.
Allegion Trading Up 0.3%
Shares of NYSE:ALLE opened at $178.00 on Tuesday. The company’s 50-day moving average price is $173.55 and its two-hundred day moving average price is $153.63. Allegion PLC has a one year low of $116.57 and a one year high of $180.34. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The stock has a market capitalization of $15.28 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 3.83 and a beta of 1.07.
Allegion (NYSE:ALLE – Get Free Report) last released its 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 quarter in the previous year, the business earned $1.96 earnings per share. Allegion’s quarterly revenue was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities analysts forecast 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 Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.1%. Allegion’s dividend payout ratio (DPR) is currently 28.33%.
Insiders Place Their Bets
In other news, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction dated 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 of the company’s stock, valued at $1,446,843.16. This trade represents a 30.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Timothy P. Eckersley sold 10,810 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by insiders.
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.
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