Allegion PLC $ALLE Shares Bought by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its stake in Allegion PLC by 14.9% during the second quarter, owning approximately 0.09% of the company valued at $10.8 million.
• Allegion PLC reported a net margin of 16.15% for the most recent quarter, with earnings per share (EPS) of $2.04, which was above analysts' expectations.
• The company declared a quarterly dividend of $0.51 per share, representing a 1.2% yield and an annualized dividend payout of $2.04.

Aberdeen Group plc raised its position in Allegion PLC (NYSE:ALLE - Free Report) by 14.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 74,998 shares of the scientific and technical instruments company's stock after buying an additional 9,722 shares during the quarter. Aberdeen Group plc owned about 0.09% of Allegion worth $10,809,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. grew its stake in shares of Allegion by 1.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company's stock worth $545,000 after purchasing an additional 73 shares during the period. Whittier Trust Co. grew its stake in Allegion by 16.6% in the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company's stock valued at $75,000 after acquiring an additional 82 shares during the last quarter. DMC Group LLC grew its stake in Allegion by 2.2% in the 1st quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company's stock valued at $516,000 after acquiring an additional 85 shares during the last quarter. Ethic Inc. grew its stake in Allegion by 1.2% in the 1st quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company's stock valued at $984,000 after acquiring an additional 87 shares during the last quarter. Finally, Rovin Capital UT ADV grew its stake in Allegion by 2.3% in the 1st quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company's stock valued at $550,000 after acquiring an additional 96 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction dated 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 directly owned 30,023 shares in the company, valued at $4,946,589.48. This represents a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares in the company, 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.

Allegion Price Performance

NYSE:ALLE opened at $177.35 on Thursday. The firm has a market cap of $15.23 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 3.77 and a beta of 1.07. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. The company's 50-day moving average is $172.73 and its two-hundred day moving average is $152.28. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.34.

Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) 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 analyst estimates of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Research analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b)" rating on shares of Allegion in a research note on Wednesday, October 8th. Robert W. Baird increased their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Mizuho increased their price objective on shares of Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Wells Fargo & Company increased their price objective on shares of Allegion from $175.00 to $185.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. Finally, Barclays increased their price objective on shares of Allegion from $163.00 to $185.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $174.25.

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.

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