Boston Trust Walden Corp decreased its holdings in shares of Allegion PLC (NYSE:ALLE - Free Report) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 531,525 shares of the scientific and technical instruments company's stock after selling 23,970 shares during the period. Boston Trust Walden Corp owned approximately 0.63% of Allegion worth $81,733,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its stake in shares of Allegion by 334.7% during the third quarter. Chicago Partners Investment Group LLC now owns 8,547 shares of the scientific and technical instruments company's stock worth $1,530,000 after purchasing an additional 6,581 shares during the period. Covestor Ltd increased its holdings in Allegion by 103.6% in the third quarter. Covestor Ltd now owns 448 shares of the scientific and technical instruments company's stock valued at $69,000 after purchasing an additional 228 shares during the last quarter. Provenance Wealth Advisors LLC bought a new stake in Allegion in the third quarter valued at about $398,000. First Nebraska Trust Co bought a new stake in Allegion in the third quarter valued at about $3,249,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Allegion in the third quarter valued at about $3,330,000. Institutional investors and hedge funds own 92.21% of the company's stock.
Allegion Price Performance
Shares of ALLE stock opened at $193.14 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.94. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $194.93. The firm has a fifty day moving average of $160.28 and a 200-day moving average of $151.25. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82.
Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The scientific and technical instruments company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.50 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Allegion had a return on equity of 35.52% and a net margin of 15.74%. The firm's revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.30 EPS. On average, equities research analysts forecast that Allegion PLC will post 9.09 earnings per share for the current year.
Allegion Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.1%. Allegion's dividend payout ratio (DPR) is currently 27.40%.
Analysts Set New Price Targets
ALLE has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Allegion from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Bank of America raised Allegion from a "neutral" rating to a "buy" rating and upped their price target for the company from $164.00 to $200.00 in a research note on Friday, October 23rd. The Goldman Sachs Group upped their price target on Allegion from $182.00 to $206.00 and gave the company a "buy" rating in a research note on Monday, October 26th. JPMorgan Chase & Co. increased their price target on shares of Allegion from $170.00 to $183.00 and gave the company a "neutral" rating in a research report on Friday, October 23rd. Finally, Mizuho set a $180.00 price objective on shares of Allegion in a research note on Friday, October 23rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $180.70.
Check Out Our Latest Report on ALLE
Insider Transactions at Allegion
In other news, SVP Timothy P. Eckersley sold 6,364 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $178.62, for a total transaction of $1,136,737.68. Following the sale, the senior vice president owned 22,028 shares of the company's stock, valued at $3,934,641.36. This trade represents a 22.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Mizell acquired 170 shares of the business's stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $158.28 per share, for a total transaction of $26,907.60. Following the acquisition, the director directly owned 5,899 shares in the company, valued at $933,693.72. This represents a 2.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.64% of the stock is currently owned by insiders.
Allegion Profile
(
Free Report)
Allegion plc NYSE: ALLE is a global security products and solutions company focused on protecting people and property. Its portfolio includes mechanical and electronic locks, access control systems, door closers, exit devices, door controls, and commercial doors and frames.
The company serves commercial, institutional, industrial, and residential customers through well-known brands including Schlage, Von Duprin, LCN, Steelcraft, Briton, and aptiQ. Its offerings range from traditional hardware to connected and electronic access solutions designed for offices, schools, healthcare facilities, multifamily properties, and homes.
Allegion was established as an independent public company in 2013 following its separation from Ingersoll Rand.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Allegion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allegion wasn't on the list.
While Allegion currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
