Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 4,000 Shares of Allegion PLC $ALLE

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Allegion PLC (NYSE:ALLE) by 23.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,832 shares of the scientific and technical instruments company’s stock after buying an additional 4,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allegion were worth $3,002,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of Allegion in the 2nd quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in shares of Allegion in the 1st quarter valued at about $30,000. Cary Street Partners Investment Advisory LLC boosted its holdings 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 valued at $39,000 after buying an additional 143 shares in the last quarter. National Pension Service boosted its holdings 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 valued at $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 valued at about $44,000. 92.21% of the stock is currently owned by institutional investors.

Allegion Stock Performance

Shares of NYSE ALLE opened at $165.12 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $180.68. The company has a 50 day simple moving average of $173.95 and a two-hundred day simple moving average of $156.11. The stock has a market cap of $14.21 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 3.24 and a beta of 1.07.

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

Allegion Dividend Announcement

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. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, September 15th. Allegion’s payout ratio is currently 27.60%.

Insider Activity

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the 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 sale, the senior vice president directly owned 30,023 shares of the company’s stock, valued at $4,946,589.48. This represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ALLE. Mizuho raised their price target on shares of Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, July 25th. Barclays lifted their target price on shares of Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Morgan Stanley lifted their target price on shares of Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Robert W. Baird boosted their price objective on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Finally, Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Three investment 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 currently 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.