17,162 Shares in Allegion PLC $ALLE Acquired by Regency Capital Management Inc. DE

Key Points

• Regency Capital Management Inc. has acquired 17,162 shares of Allegion PLC valued at approximately $2.47 million, making it the 27th largest position in their portfolio.
• Allegion reported a 5.8% increase in quarterly revenue year-over-year, totaling $1.02 billion, and beat EPS estimates by $0.04, reporting $2.04 per share.
• The company recently declared a quarterly dividend of $0.51 per share, representing an annualized yield of 1.1%.

Regency Capital Management Inc. DE acquired a new stake in shares of Allegion PLC (NYSE:ALLE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 17,162 shares of the scientific and technical instruments company's stock, valued at approximately $2,473,000. Allegion makes up approximately 1.3% of Regency Capital Management Inc. DE's holdings, making the stock its 27th largest position.

Several other hedge funds have also added to or reduced their stakes in the stock. Sound Income Strategies LLC purchased a new position in shares of Allegion in the 2nd quarter worth about $32,000. Wayfinding Financial LLC bought a new stake in Allegion during the 1st quarter valued at about $30,000. Garde Capital Inc. bought a new stake in Allegion during the 1st quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC raised its holdings in 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 buying an additional 143 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Allegion by 75.0% in the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after buying an additional 138 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the transaction, the senior vice president owned 30,023 shares in the company, valued at $4,946,589.48. This trade represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the sale, the senior vice president owned 8,773 shares of the company's stock, valued at $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

Allegion Stock Up 0.1%

ALLE stock opened at $177.53 on Tuesday. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The business's 50-day moving average is $171.23 and its two-hundred day moving average is $150.34. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $180.34.

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

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 1.1%. Allegion's dividend payout ratio (DPR) is presently 28.33%.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several analyst reports. Bank of America raised shares of Allegion from an "underperform" rating to a "neutral" rating and raised their price target for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Mizuho lifted their target price on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Barclays boosted their price target on Allegion from $163.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 1st. Wells Fargo & Company increased their price objective on Allegion from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, JPMorgan Chase & Co. started coverage on Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 target price for the company. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Allegion currently has a consensus rating of "Hold" and a consensus target price of $174.25.

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.

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