Mitsubishi UFJ Asset Management Co. Ltd. Has $23.88 Million Stock Holdings in Allegion PLC $ALLE

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Allegion PLC (NYSE:ALLE) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 165,683 shares of the scientific and technical instruments company’s stock after acquiring an additional 19,373 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Allegion were worth $23,878,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC bought a new position in shares of Allegion during the second quarter worth $32,000. Spire Wealth Management raised its stake in Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Allegion by 91.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 143 shares in the last quarter. National Pension Service lifted its holdings in Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 138 shares in the last quarter. Finally, Zions Bancorporation National Association UT acquired a new position in Allegion in the first quarter valued at about $44,000. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $167.54 on Wednesday. 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 twelve month low of $116.57 and a twelve month high of $180.68. The stock has a market capitalization of $14.41 billion, a P/E ratio of 22.67, a P/E/G ratio of 3.27 and a beta of 1.07. The company has a 50 day moving average of $173.23 and a 200-day moving average of $158.63.

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

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion’s dividend payout ratio (DPR) is presently 27.60%.

Analyst Upgrades and Downgrades

ALLE has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their price objective on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $175.00 in a research note on Tuesday, July 29th. Wells Fargo & Company upped their price target on shares of Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. Mizuho raised their price objective on shares of Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Barclays boosted their price objective on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. 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.com, Allegion has a consensus rating of “Hold” and an average 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.