Capital Fund Management S.A. Takes Position in Allegion PLC $ALLE

Key Points

• Capital Fund Management S.A. acquired 43,012 shares of Allegion PLC, valued at approximately $5.6 million, during the first quarter.
• Analysts have increased their target prices for Allegion shares, with Goldman Sachs raising it from $149.00 to $170.00 and Wells Fargo from $150.00 to $175.00.
• Allegion reported $2.04 earnings per share for its latest quarter, surpassing expectations of $2.00, alongside a revenue increase of 5.8% year-over-year.

Capital Fund Management S.A. purchased a new stake in shares of Allegion PLC (NYSE:ALLE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,012 shares of the scientific and technical instruments company's stock, valued at approximately $5,611,000.

Other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 acquiring an additional 4,942 shares during the period. Wealth Enhancement Advisory Services LLC grew its position 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 in the last quarter. Atria Wealth Solutions Inc. grew its position in Allegion by 5.6% during 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 purchasing an additional 154 shares in the last quarter. Merit Financial Group LLC grew its position in Allegion by 284.1% during 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 purchasing an additional 6,128 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Allegion by 6.8% during 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 purchasing an additional 7,645 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALLE shares. Morgan Stanley boosted their price objective on shares of Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. assumed coverage on shares of Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 target price for the company. Mizuho boosted their target price on shares of Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. The Goldman Sachs Group boosted their target price on shares of Allegion from $149.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Bank of America raised shares of Allegion from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Allegion currently has a consensus rating of "Hold" and a consensus price target of $166.75.

Insider Buying and Selling at Allegion

In related news, SVP Timothy P. Eckersley sold 10,810 shares of the company's 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction on Friday, July 25th. The shares were 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 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. 0.23% of the stock is owned by corporate insiders.

Allegion Stock Performance

Shares of NYSE ALLE traded up $0.75 during trading hours on Wednesday, hitting $172.28. 239,546 shares of the stock were exchanged, compared to its average volume of 973,903. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The company's 50 day moving average is $156.28 and its 200 day moving average is $140.94. The firm has a market capitalization of $14.79 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.65 and a beta of 1.05. Allegion PLC has a one year low of $116.57 and a one year high of $172.66.

Allegion (NYSE:ALLE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.04. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. Allegion's quarterly revenue was up 5.8% compared to the same quarter last year. 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. On average, research analysts expect that Allegion PLC will post 7.77 EPS for the current year.

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.