Los Angeles Capital Management LLC Has $26.05 Million Position in Allegion PLC $ALLE

Los Angeles Capital Management LLC boosted its position in Allegion PLC (NYSE:ALLE) by 48.6% during the second quarter, Holdings Channel reports. The institutional investor owned 180,750 shares of the scientific and technical instruments company’s stock after purchasing an additional 59,144 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Allegion were worth $26,050,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Allegion by 380.0% during the 1st quarter. AQR Capital Management LLC now owns 1,118,960 shares of the scientific and technical instruments company’s stock worth $142,707,000 after acquiring an additional 885,857 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its position in Allegion by 22.5% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock valued at $623,104,000 after purchasing an additional 878,796 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Allegion by 390.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 593,298 shares of the scientific and technical instruments company’s stock valued at $85,506,000 after buying an additional 472,435 shares during the last quarter. Nuveen LLC bought a new stake in Allegion during the 1st quarter worth about $40,240,000. Finally, Cooke & Bieler LP boosted its stake in shares of Allegion by 118.5% during the 2nd quarter. Cooke & Bieler LP now owns 544,659 shares of the scientific and technical instruments company’s stock worth $78,496,000 after buying an additional 295,395 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

ALLE opened at $167.29 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.77 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 business has a 50 day moving average of $173.29 and a 200-day moving average of $157.99. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 3.28 and a beta of 1.07.

Allegion (NYSE:ALLE) last posted 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 analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, equities research analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Announces Dividend

The business also recently declared 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 was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. Allegion’s dividend payout ratio is 27.60%.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Mizuho boosted their price target on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, Wells Fargo & Company boosted their target price on shares of 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, Allegion has a consensus rating of “Hold” and a consensus price target of $176.38.

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.