Boston Trust Walden Corp Raises Stock Position in Allegion PLC $ALLE

Boston Trust Walden Corp grew its holdings in shares of Allegion PLC (NYSE:ALLE) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668,432 shares of the scientific and technical instruments company’s stock after purchasing an additional 60,412 shares during the period. Boston Trust Walden Corp’s holdings in Allegion were worth $96,334,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its stake in shares of Allegion by 1.8% during the first quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock worth $545,000 after buying an additional 73 shares during the period. Whittier Trust Co. increased its stake in shares of Allegion by 16.6% during the first quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock worth $75,000 after buying an additional 82 shares during the period. DMC Group LLC increased its stake in shares of Allegion by 2.2% during the first quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock worth $516,000 after buying an additional 85 shares during the period. Ethic Inc. increased its stake in shares of Allegion by 1.2% during the first quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company’s stock worth $984,000 after buying an additional 87 shares during the period. Finally, Rovin Capital UT ADV increased its stake in shares of Allegion by 2.3% during the first quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company’s stock worth $550,000 after buying an additional 96 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the completion of the sale, the senior vice president owned 30,023 shares in the company, valued at $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the sale, the senior vice president owned 8,773 shares of the company’s stock, valued at $1,446,843.16. This trade represents a 30.49% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

Allegion Price Performance

ALLE stock opened at $173.78 on Tuesday. The company has a market capitalization of $14.92 billion, a P/E ratio of 24.14, a PEG ratio of 3.72 and a beta of 1.07. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $180.34. The business has a 50 day simple moving average of $172.26 and a 200-day simple moving average of $151.94. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The company’s revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 earnings per share. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, equities analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Monday, September 15th. Allegion’s dividend payout ratio is 28.33%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Allegion from $150.00 to $175.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Wells Fargo & Company upped their price target on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. The Goldman Sachs Group upped their price target 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 Allegion from an “underperform” rating to a “neutral” rating and upped their price target for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Finally, Morgan Stanley upped their price target on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $174.25.

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.