Fuller & Thaler Asset Management Inc. Acquires 17,481 Shares of Allegion PLC $ALLE

Fuller & Thaler Asset Management Inc. increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 102.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,574 shares of the scientific and technical instruments company’s stock after acquiring an additional 17,481 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Allegion were worth $4,511,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Allegion during the 1st quarter worth approximately $30,000. Colonial Trust Co SC grew its position in Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company’s stock worth $33,000 after acquiring an additional 164 shares during the last quarter. Garde Capital Inc. bought a new stake in Allegion during the 1st quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC grew its position in Allegion by 91.7% during the 1st 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 during the last quarter. Finally, GeoWealth Management LLC grew its position in Allegion by 259.3% during the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company’s stock worth $40,000 after acquiring an additional 223 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ALLE has been the topic of a number of research analyst reports. Morgan Stanley increased their price target on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Robert W. Baird increased their price objective on Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a research report on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Allegion in a research report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on Allegion from $150.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $166.75.

Allegion Stock Performance

ALLE stock opened at $168.3810 on Thursday. The business’s fifty day moving average is $153.57 and its 200-day moving average is $139.71. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The company has a market cap of $14.46 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 3.65 and a beta of 1.05. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $170.51.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.04. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The firm’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities research analysts forecast that Allegion PLC will post 7.77 EPS for the current year.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of the 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 in the company, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares of the company’s stock, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

Allegion 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.