Allegion PLC Declares Quarterly Dividend of $0.51 (NYSE:ALLE)

Allegion PLC (NYSE:ALLE) announced a quarterly dividend on Wednesday, December 3rd. Shareholders of record on Tuesday, December 16th will be given a dividend of 0.51 per share by the scientific and technical instruments company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, December 16th.

Allegion has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Allegion has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 25.6%.

Allegion Price Performance

NYSE ALLE traded down $3.16 on Thursday, reaching $160.87. 1,072,867 shares of the stock traded hands, compared to its average volume of 932,908. Allegion has a 12 month low of $116.57 and a 12 month high of $180.68. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $169.68 and its 200 day simple moving average is $161.03. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 3.21 and a beta of 1.03.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period in the previous year, the company earned $2.16 earnings per share. Allegion’s 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, research analysts predict that Allegion will post 7.77 EPS for the current fiscal year.

Institutional Investors Weigh In On Allegion

Several large investors have recently made changes to their positions in ALLE. MassMutual Private Wealth & Trust FSB boosted its stake in Allegion by 16.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 60 shares during the period. Diversify Advisory Services LLC boosted its position in shares of Allegion by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after acquiring an additional 60 shares during the period. Huntington National Bank increased its position in Allegion by 7.7% during the second quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock worth $123,000 after acquiring an additional 61 shares during the period. HM Payson & Co. increased its position in Allegion by 2.4% during the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after acquiring an additional 63 shares during the period. Finally, Fulton Bank N.A. raised its stake in Allegion by 4.5% during the 3rd quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock valued at $271,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Company 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.