Allegion PLC $ALLE Stock Holdings Increased by Ethic Inc.

Ethic Inc. raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 13.8% during the 2nd quarter, Holdings Channel reports. The fund owned 8,554 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,040 shares during the period. Ethic Inc.’s holdings in Allegion were worth $1,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of ALLE. Sound Income Strategies LLC bought a new stake in shares of Allegion in the 2nd quarter worth $32,000. Wayfinding Financial LLC bought a new stake in shares of Allegion in the 1st quarter worth $30,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of Allegion by 91.7% in 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 buying an additional 143 shares in the last quarter. National Pension Service raised its stake in shares of Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Allegion in the 1st quarter worth $44,000. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

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 transaction of $1,781,055.60. Following the transaction, the senior vice president 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.23% of the company’s stock.

Allegion Stock Performance

Shares of ALLE stock opened at $167.37 on Monday. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $180.68. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $14.40 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 3.61 and a beta of 1.07. The stock’s fifty day simple moving average is $173.98 and its 200-day simple moving average is $155.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. Allegion’s revenue for the quarter was up 10.7% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, sell-side analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s payout ratio is currently 27.60%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho boosted their price objective on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Barclays boosted their price objective on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Bank of America raised Allegion from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $176.38.

About Allegion

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.