Compound Planning Inc. Buys New Holdings in Allegion PLC $ALLE

Key Points

• Compound Planning Inc. acquired 1,697 shares of Allegion PLC, valued at approximately $221,000, during the first quarter of the year.
• Several large investors have increased their stakes in Allegion, with institutional investors owning 92.21% of the stock.
• Analysts have raised their price targets for Allegion, with Goldman Sachs setting a new target of $170.00 and Barclays upgrading their rating from "underweight" to "equal weight."

Compound Planning Inc. purchased a new position in Allegion PLC (NYSE:ALLE - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,697 shares of the scientific and technical instruments company's stock, valued at approximately $221,000.

Several other large investors have also made changes to their positions in ALLE. Norinchukin Bank The raised its position in Allegion by 12.9% during the first quarter. Norinchukin Bank The now owns 3,941 shares of the scientific and technical instruments company's stock valued at $514,000 after acquiring an additional 449 shares in the last quarter. Summit Financial LLC acquired a new stake in shares of Allegion during the 1st quarter valued at about $275,000. Martin Investment Management LLC purchased a new position in shares of Allegion in the 1st quarter valued at about $285,000. Martingale Asset Management L P increased its stake in shares of Allegion by 66.0% in the 1st quarter. Martingale Asset Management L P now owns 6,646 shares of the scientific and technical instruments company's stock valued at $867,000 after purchasing an additional 2,642 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new position in Allegion in the 1st quarter worth about $5,611,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays upgraded Allegion from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $156.00 to $163.00 in a research report on Thursday, August 14th. Zacks Research cut shares of Allegion from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Mizuho increased their price objective on shares of Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company lifted their target price on shares of Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Allegion in a research note on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Allegion has a consensus rating of "Hold" and an average price target of $166.75.

Allegion Price Performance

Shares of Allegion stock traded down $0.12 on Wednesday, hitting $167.88. 74,305 shares of the company were exchanged, compared to its average volume of 968,493. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $159.35 and a 200 day moving average price of $142.27. The stock has a market capitalization of $14.41 billion, a price-to-earnings ratio of 23.32, a price-to-earnings-growth ratio of 3.65 and a beta of 1.07. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $172.95.

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

Insider Activity

In related news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the transaction, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

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.