Oak Thistle LLC Takes Position in Allegion PLC $ALLE

Oak Thistle LLC acquired a new position in Allegion PLC (NYSE:ALLE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,030 shares of the scientific and technical instruments company’s stock, valued at approximately $892,000.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new position in Allegion in the second quarter worth about $32,000. CYBER HORNET ETFs LLC bought a new position in shares of Allegion in the 2nd quarter worth approximately $33,000. Spire Wealth Management boosted its holdings in shares of Allegion by 78.0% in the second 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 last quarter. MUFG Securities EMEA plc purchased a new position in shares of Allegion in the second quarter worth approximately $37,000. Finally, Gladwyn Financial Advisors Inc. bought a new stake in Allegion during the second quarter valued at approximately $50,000. Institutional investors own 92.21% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ALLE. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research note on Tuesday. Barclays lifted their target price on Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. The Goldman Sachs Group upped their price target on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Robert W. Baird lifted their price objective on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.13.

Allegion Trading Down 0.5%

ALLE stock opened at $159.94 on Friday. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $180.68. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 3.14 and a beta of 1.03. The business has a 50 day simple moving average of $166.18 and a two-hundred day simple moving average of $162.26.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (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 firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the business posted $2.16 earnings per share. The company’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. Research analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, December 16th. Allegion’s payout ratio is currently 27.60%.

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.