Aberdeen Group plc Buys 16,950 Shares of Allegion PLC $ALLE

Key Points

• Aberdeen Group plc increased its stake in Allegion PLC by 35.1% in Q1, owning 65,276 shares valued at approximately $8.42 million.
• Allegion recently reported earnings of $2.04 per share, beating estimates, and announced FY 2025 guidance of 8.00-8.15 EPS.
• Analyst price targets for Allegion have risen, with Bank of America adjusting its target from $110 to $175, indicating strong market interest.

Aberdeen Group plc grew its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 35.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,276 shares of the scientific and technical instruments company's stock after buying an additional 16,950 shares during the quarter. Aberdeen Group plc owned about 0.08% of Allegion worth $8,421,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its position in Allegion by 24.8% during the fourth quarter. Lord Abbett & CO. LLC now owns 2,089,239 shares of the scientific and technical instruments company's stock worth $273,022,000 after buying an additional 414,595 shares during the period. Nuveen LLC acquired a new stake in shares of Allegion in the 1st quarter worth approximately $40,240,000. Squarepoint Ops LLC increased its stake in Allegion by 11,506.8% in the 4th quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company's stock valued at $35,584,000 after purchasing an additional 269,949 shares in the last quarter. Deutsche Bank AG grew its holdings in Allegion by 19.2% in the fourth quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company's stock valued at $214,552,000 after purchasing an additional 264,379 shares during the last quarter. Finally, Brown Advisory Inc. increased its position in shares of Allegion by 13.2% in the first quarter. Brown Advisory Inc. now owns 2,141,492 shares of the scientific and technical instruments company's stock valued at $279,379,000 after buying an additional 249,295 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Buying and Selling

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the business's stock in a transaction 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 sale, the senior vice president owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the firm's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the completion of the transaction, the senior vice president owned 8,773 shares of the company's stock, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. JPMorgan Chase & Co. assumed coverage on Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target for the company. Bank of America upgraded Allegion from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Robert W. Baird lifted their price objective on Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Finally, The Goldman Sachs Group raised their price target on shares of Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Allegion presently has an average rating of "Hold" and a consensus price target of $166.75.

Allegion Stock Up 3.0%

Shares of ALLE stock traded up $5.0850 on Friday, hitting $172.2950. The stock had a trading volume of 754,439 shares, compared to its average volume of 926,991. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $172.67. The stock's 50 day moving average is $154.89 and its 200-day moving average is $140.28. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 3.60 and a beta of 1.05.

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

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.