Allegion PLC $ALLE Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 558.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 25,997 shares of the scientific and technical instruments company’s stock after acquiring an additional 22,051 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Allegion were worth $3,747,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Aurora Investment Counsel grew its position in shares of Allegion by 0.6% during the 2nd quarter. Aurora Investment Counsel now owns 12,466 shares of the scientific and technical instruments company’s stock valued at $1,797,000 after acquiring an additional 71 shares during the period. Avantax Advisory Services Inc. grew its position in shares of Allegion by 1.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock valued at $545,000 after acquiring an additional 73 shares during the period. Whittier Trust Co. grew its position in shares of Allegion by 16.6% during the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 82 shares during the period. DMC Group LLC grew its position in shares of Allegion by 2.2% during the 1st quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock valued at $516,000 after acquiring an additional 85 shares during the period. Finally, Ethic Inc. grew its position in shares of Allegion by 1.2% during the 1st quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company’s stock valued at $984,000 after acquiring an additional 87 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ALLE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Mizuho raised their price target on shares of Allegion from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Bank of America raised shares of Allegion from an “underperform” rating to a “neutral” rating and raised their price target for the company from $110.00 to $175.00 in a research note on Tuesday, July 29th. Zacks Research lowered shares of Allegion from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group raised their price target on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus price target of $176.38.

Allegion Trading Down 2.2%

ALLE opened at $165.30 on Thursday. 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’s 50 day simple moving average is $173.99 and its two-hundred day simple moving average is $156.05. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $180.68. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 3.31 and a beta of 1.07.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the company posted $2.16 EPS. The business’s revenue was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

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

Insiders Place Their Bets

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the transaction, the senior vice president directly owned 30,023 shares of the company’s stock, valued at $4,946,589.48. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.23% of the stock is owned by company insiders.

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.