Allegion PLC $ALLE Stake Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in shares of Allegion PLC (NYSE:ALLE) by 0.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,730 shares of the scientific and technical instruments company’s stock after buying an additional 82 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Allegion were worth $5,438,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Allegion by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 10,767,073 shares of the scientific and technical instruments company’s stock worth $1,404,672,000 after buying an additional 48,615 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Allegion by 22.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company’s stock worth $623,104,000 after buying an additional 878,796 shares during the last quarter. Boston Partners grew its stake in Allegion by 0.8% during the 1st quarter. Boston Partners now owns 4,752,391 shares of the scientific and technical instruments company’s stock worth $619,700,000 after buying an additional 35,635 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Allegion by 6.8% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,147,110 shares of the scientific and technical instruments company’s stock worth $280,112,000 after buying an additional 136,638 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Allegion by 13.2% in the first quarter. Brown Advisory Inc. now owns 2,141,492 shares of the scientific and technical instruments company’s stock worth $279,379,000 after purchasing an additional 249,295 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Timothy P. Eckersley sold 10,810 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 30,023 shares of the company’s stock, valued at $4,946,589.48. This trade represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ALLE has been the subject of several recent analyst reports. Barclays increased their price target on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Friday, October 24th. Wells Fargo & Company increased their price target on Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Monday, October 6th. The Goldman Sachs Group increased their price target on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Robert W. Baird increased their price target on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Bank of America raised Allegion from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $175.00 in a research note on Tuesday, July 29th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $176.38.

Allegion Trading Down 1.1%

Shares of ALLE stock opened at $169.11 on Wednesday. The stock has a 50-day simple moving average of $174.05 and a 200 day simple moving average of $155.76. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $180.68. The stock has a market capitalization of $14.55 billion, a P/E ratio of 22.88, a P/E/G ratio of 3.36 and a beta of 1.07. 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 (NYSE:ALLE) last announced its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.09. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The business had revenue of $1.07 billion during 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 quarterly revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, sell-side analysts expect that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 1.2%. Allegion’s dividend payout ratio (DPR) is currently 27.60%.

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.