Nisa Investment Advisors LLC Grows Stock Position in Allegion PLC $ALLE

Nisa Investment Advisors LLC grew its holdings in shares of Allegion PLC (NYSE:ALLE) by 8.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 20,946 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,580 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Allegion were worth $3,019,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in shares of Allegion by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 740,233 shares of the scientific and technical instruments company’s stock valued at $96,571,000 after purchasing an additional 4,942 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in shares of Allegion by 5.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company’s stock valued at $381,000 after acquiring an additional 154 shares during the period. Summit Trail Advisors LLC bought a new position in shares of Allegion during the 1st quarter valued at approximately $231,000. Janney Montgomery Scott LLC grew its stake in shares of Allegion by 9.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 71,087 shares of the scientific and technical instruments company’s stock valued at $10,245,000 after acquiring an additional 6,247 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Allegion by 174.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,845 shares of the scientific and technical instruments company’s stock valued at $3,701,000 after acquiring an additional 18,320 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 2.2%

Shares of 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. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68. The company has a 50 day simple moving average of $173.99 and a two-hundred day simple moving average of $156.05. The firm has a market cap of $14.22 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 3.31 and a beta of 1.07.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted $2.16 EPS. The company’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. On average, equities analysts expect that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Barclays boosted their price objective on Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Finally, Robert W. Baird boosted their price objective on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research note on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average price target of $176.38.

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.