Caisse DE Depot ET Placement DU Quebec Has $15.08 Million Stock Holdings in Allegion PLC $ALLE

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Allegion PLC by 23.5% in the first quarter, holding 115,589 shares valued at approximately $15.08 million.
• Allegion's recent earnings report indicated earnings per share of $2.04, exceeding analysts' estimates, and the company has set a full-year guidance of 8.000-8.150 EPS for FY 2025.
• Numerous analysts have upgraded their price targets for Allegion, with Wells Fargo raising it from $150 to $175 and Goldman Sachs setting a new target of $170 after rating the stock as a "buy."

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 23.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,589 shares of the scientific and technical instruments company's stock after purchasing an additional 21,988 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned 0.13% of Allegion worth $15,080,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in Allegion by 0.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 740,233 shares of the scientific and technical instruments company's stock valued at $96,571,000 after purchasing an additional 4,942 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Allegion by 324.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company's stock valued at $5,606,000 after purchasing an additional 32,842 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of Allegion by 5.6% in the first quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company's stock valued at $381,000 after buying an additional 154 shares during the period. Merit Financial Group LLC boosted its holdings in shares of Allegion by 284.1% in the first quarter. Merit Financial Group LLC now owns 8,285 shares of the scientific and technical instruments company's stock valued at $1,081,000 after buying an additional 6,128 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Allegion by 6.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock valued at $15,768,000 after buying an additional 7,645 shares during the period. Institutional investors and hedge funds own 92.21% of the company's stock.

Allegion Stock Down 0.7%

ALLE traded down $1.25 during trading hours on Monday, hitting $169.72. 952,254 shares of the company's stock were exchanged, compared to its average volume of 802,555. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $172.95. The stock's 50-day moving average is $158.32 and its two-hundred day moving average is $141.83. The stock has a market cap of $14.57 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 3.65 and a beta of 1.07. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target for the company. Barclays upgraded shares of Allegion from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $156.00 to $163.00 in a report on Thursday, August 14th. Morgan Stanley upped their price target on shares of Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Wells Fargo & Company upped their price target on shares of Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Zacks Research cut shares of Allegion from a "strong-buy" rating to a "hold" rating in a report on Thursday. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $166.75.

Insiders Place Their Bets

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

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.