Allegion PLC $ALLE Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Allegion PLC (NYSE:ALLE) by 66.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,310 shares of the scientific and technical instruments company’s stock after acquiring an additional 65,241 shares during the quarter. Teacher Retirement System of Texas owned 0.19% of Allegion worth $23,536,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ALLE. GAMMA Investing LLC boosted its holdings in Allegion by 199.2% in the first quarter. GAMMA Investing LLC now owns 1,508 shares of the scientific and technical instruments company’s stock worth $197,000 after acquiring an additional 1,004 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Allegion by 6.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,243 shares of the scientific and technical instruments company’s stock worth $554,000 after purchasing an additional 250 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Allegion by 174.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,845 shares of the scientific and technical instruments company’s stock worth $3,701,000 after purchasing an additional 18,320 shares during the last quarter. KBC Group NV raised its stake in shares of Allegion by 18.0% in the first quarter. KBC Group NV now owns 14,604 shares of the scientific and technical instruments company’s stock worth $1,905,000 after purchasing an additional 2,230 shares during the last quarter. Finally, Rovin Capital UT ADV raised its stake in shares of Allegion by 2.3% in 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 purchasing an additional 96 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Mizuho raised their price objective on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Zacks Research cut Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Wells Fargo & Company raised their price objective on Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. Finally, Barclays raised their price objective on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday. 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, the company has a consensus rating of “Hold” and an average target price of $176.38.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the business’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 value of $1,781,055.60. Following the completion of the sale, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is owned by company insiders.

Allegion Stock Up 2.4%

Allegion stock opened at $171.24 on Tuesday. The stock has a market capitalization of $14.73 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 3.61 and a beta of 1.07. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $180.68. The business has a 50 day simple moving average of $174.06 and a 200-day simple moving average of $155.44. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 40.83% and a net margin of 16.09%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.16 earnings per share. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

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

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.