Cwm LLC lowered its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 13.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,626 shares of the scientific and technical instruments company's stock after selling 3,568 shares during the period. Cwm LLC's holdings in Allegion were worth $3,261,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Allegion by 0.7% in 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 last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Allegion by 324.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,969 shares of the scientific and technical instruments company's stock worth $5,606,000 after buying an additional 32,842 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Allegion by 5.6% during the 1st quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company's stock worth $381,000 after buying an additional 154 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Allegion by 6.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock worth $15,768,000 after buying an additional 7,645 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Allegion by 10.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 37,648 shares of the scientific and technical instruments company's stock worth $4,912,000 after buying an additional 3,618 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.
Insider Activity at Allegion
In related news, SVP Timothy P. Eckersley sold 10,810 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total value of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. This trade represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of the firm's stock in a transaction that occurred 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 approximately $1,446,843.16. This represents 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 company insiders.
Analyst Ratings Changes
A number of research analysts have commented on ALLE shares. Wells Fargo & Company increased their target price on Allegion from $175.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Mizuho increased their target price on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Barclays increased their target price on Allegion from $163.00 to $185.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 1st. Morgan Stanley raised their price target on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, Robert W. Baird raised their price target on Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Allegion presently has a consensus rating of "Hold" and an average target price of $174.25.
Read Our Latest Stock Analysis on ALLE
Allegion Trading Up 0.0%
Shares of NYSE ALLE opened at $177.57 on Friday. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 3.81 and a beta of 1.07. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.34. 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 stock's 50 day simple moving average is $173.28 and its 200 day simple moving average is $152.92.
Allegion (NYSE:ALLE - Get Free Report) last posted its 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 for the quarter, compared to analysts' expectations of $999.10 million. During the same period last year, the firm earned $1.96 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities research analysts expect that Allegion PLC will post 7.77 EPS for the current year.
Allegion Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 15th. Allegion's dividend payout ratio (DPR) is currently 28.33%.
About Allegion
(
Free Report)
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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