DRW Securities LLC Invests $202,000 in Allegion PLC $ALLE

Key Points

• DRW Securities LLC acquired 1,547 shares of Allegion PLC, valued at approximately $202,000, indicating growing institutional interest in the company.
• Analyst ratings show varied sentiment: Mizuho and Goldman Sachs adjusted their price targets to $155.00 and $170.00, respectively, reflecting a mix of buy and hold ratings.
• In their latest earnings report, Allegion posted a EPS of $2.04, surpassing expectations, with revenue of $1.02 billion marking a 5.8% year-over-year increase.

DRW Securities LLC bought a new position in Allegion PLC (NYSE:ALLE - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,547 shares of the scientific and technical instruments company's stock, valued at approximately $202,000.

A number of other hedge funds have also modified their holdings of the stock. 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, National Pension Service grew its position in Allegion by 75.0% during the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after acquiring an additional 138 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ALLE shares. The Goldman Sachs Group increased their price target on Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. 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. Mizuho raised their price target on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a research note on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Allegion has an average rating of "Hold" and an average price target of $166.75.

Allegion Stock Up 0.7%

Shares of NYSE ALLE traded up $1.15 during mid-day trading on Friday, hitting $171.90. The company had a trading volume of 596,750 shares, compared to its average volume of 714,970. The company has a market capitalization of $14.76 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 3.69 and a beta of 1.07. The firm has a 50-day simple moving average of $160.95 and a two-hundred day simple moving average of $143.13. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion PLC has a one year low of $116.57 and a one year high of $173.25.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.Allegion's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion's dividend payout ratio (DPR) is presently 28.33%.

Insider Buying and Selling

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares of the company's stock, valued at $1,446,843.16. The trade was a 30.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was 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 in the company, valued at approximately $4,946,589.48. This trade represents a 26.47% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is 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.