Allegion PLC $ALLE Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its holdings in Allegion PLC (NYSE:ALLE) by 1,077.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 14,186 shares of the scientific and technical instruments company’s stock after buying an additional 12,981 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Allegion were worth $2,045,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ALLE. Cooke & Bieler LP raised its position in Allegion by 118.5% in the second quarter. Cooke & Bieler LP now owns 544,659 shares of the scientific and technical instruments company’s stock worth $78,496,000 after acquiring an additional 295,395 shares in the last quarter. IFG Advisory LLC purchased a new position in Allegion in the second quarter worth $894,000. Simon Quick Advisors LLC raised its position in Allegion by 39.2% in the second quarter. Simon Quick Advisors LLC now owns 2,966 shares of the scientific and technical instruments company’s stock worth $427,000 after acquiring an additional 835 shares in the last quarter. Strs Ohio raised its position in Allegion by 12.3% in the second quarter. Strs Ohio now owns 12,433 shares of the scientific and technical instruments company’s stock worth $1,792,000 after acquiring an additional 1,366 shares in the last quarter. Finally, Atria Investments Inc raised its position in Allegion by 30.3% in the second quarter. Atria Investments Inc now owns 26,697 shares of the scientific and technical instruments company’s stock worth $3,848,000 after acquiring an additional 6,201 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Stock Performance

Shares of ALLE stock opened at $166.01 on Monday. The stock has a fifty day moving average price of $173.82 and a 200 day moving average price of $156.81. The stock has a market cap of $14.28 billion, a PE ratio of 22.46, a P/E/G ratio of 3.25 and a beta of 1.07. 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 quick ratio of 1.11 and a current ratio of 1.77.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.09. The firm 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%.Allegion’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Sell-side analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.2%. Allegion’s dividend payout ratio (DPR) is presently 27.60%.

Analyst Ratings Changes

Several research analysts have issued reports on ALLE shares. Barclays increased their price objective on Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. The Goldman Sachs Group increased their price objective on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Morgan Stanley increased their price objective on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Mizuho lifted their price objective on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, July 25th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $176.38.

Insider Activity at Allegion

In related news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.23% of the stock is currently owned by insiders.

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.