Allegion PLC $ALLE Stock Position Raised by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Allegion PLC (NYSE:ALLE) by 9.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 235,582 shares of the scientific and technical instruments company’s stock after acquiring an additional 20,938 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Allegion were worth $33,952,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Sound Income Strategies LLC acquired a new position in shares of Allegion in the 2nd quarter valued at $32,000. Spire Wealth Management boosted its holdings in shares of Allegion by 78.0% in the second quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC increased its position in shares of Allegion by 91.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock worth $39,000 after acquiring an additional 143 shares in the last quarter. National Pension Service raised its holdings in shares of Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 138 shares during the period. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Allegion during the first quarter valued at approximately $44,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Price Performance

ALLE opened at $159.87 on Tuesday. The stock has a fifty day moving average price of $172.63 and a 200 day moving average price of $159.33. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.15 and a beta of 1.07.

Allegion (NYSE:ALLE) last posted its quarterly 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. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

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. The ex-dividend date was Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.3%. Allegion’s payout ratio is 27.60%.

Analysts Set New Price Targets

Several equities analysts have weighed in on ALLE shares. Robert W. Baird lifted their price objective on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Mizuho raised their target price on Allegion from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report 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 research report on Monday, October 6th. Barclays increased 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, October 24th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $176.38.

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.