TD Asset Management Inc Decreases Stock Holdings in Allegion PLC $ALLE

TD Asset Management Inc reduced its position in Allegion PLC (NYSE:ALLEFree Report) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,275 shares of the scientific and technical instruments company’s stock after selling 623 shares during the quarter. TD Asset Management Inc’s holdings in Allegion were worth $3,499,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC raised its stake in Allegion by 8.0% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,569 shares of the scientific and technical instruments company’s stock valued at $370,000 after purchasing an additional 190 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Allegion by 3.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 4,172 shares of the scientific and technical instruments company’s stock valued at $601,000 after purchasing an additional 147 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Allegion by 86.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,480 shares of the scientific and technical instruments company’s stock valued at $502,000 after purchasing an additional 1,615 shares during the last quarter. Vest Financial LLC raised its stake in Allegion by 24.9% in the 2nd quarter. Vest Financial LLC now owns 15,268 shares of the scientific and technical instruments company’s stock valued at $2,200,000 after purchasing an additional 3,045 shares during the last quarter. Finally, Griffin Asset Management Inc. acquired a new position in Allegion in the 2nd quarter valued at $202,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In related news, SVP Tracy L. Kemp sold 3,849 shares of the firm’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the completion of the sale, the senior vice president directly owned 8,773 shares of the company’s stock, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president directly owned 30,023 shares of the company’s stock, valued at $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 company insiders.

Analysts Set New Price Targets

ALLE has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Allegion in a research note on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price objective for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Robert W. Baird raised their target price on Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Finally, Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. 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 presently has a consensus rating of “Hold” and an average price target of $174.25.

Read Our Latest Research Report on ALLE

Allegion Stock Up 0.3%

Shares of ALLE opened at $178.00 on Tuesday. The stock has a fifty day simple moving average of $173.55 and a two-hundred day simple moving average of $153.63. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The company 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 PLC has a 52-week low of $116.57 and a 52-week high of $180.34.

Allegion (NYSE:ALLEGet Free Report) last issued its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, equities analysts forecast that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 15th. Allegion’s dividend payout ratio (DPR) is presently 28.33%.

Allegion Profile

(Free Report)

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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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