Allegion PLC $ALLE Shares Acquired by Federation des caisses Desjardins du Quebec

Federation des caisses Desjardins du Quebec boosted its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 42.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,095 shares of the scientific and technical instruments company's stock after buying an additional 2,713 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Allegion were worth $1,187,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new position in Allegion in the 1st quarter worth about $30,000. Garde Capital Inc. purchased a new position in Allegion in the 1st quarter worth about $36,000. Cary Street Partners Investment Advisory LLC raised its position in Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company's stock worth $39,000 after buying an additional 143 shares during the last quarter. National Pension Service raised its position in Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after buying an additional 138 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Allegion in the 1st quarter worth about $44,000. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insiders Place Their Bets

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the transaction, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. The trade was a 30.49% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.23% of the company's stock.

Wall Street Analyst Weigh In

ALLE has been the subject of several research reports. Robert W. Baird upped their price target on shares of Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. 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 research report on Friday, July 11th. The Goldman Sachs Group upped their price target on shares of Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays raised 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 research report on Thursday, August 14th. Finally, Zacks Research lowered shares of Allegion from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $166.75.

Allegion Stock Performance

Shares of NYSE:ALLE traded down $2.44 during mid-day trading on Friday, reaching $174.74. 1,100,181 shares of the company traded hands, compared to its average volume of 693,692. The company's 50 day moving average price is $163.55 and its 200-day moving average price is $144.69. The firm has a market cap of $15.00 billion, a PE ratio of 24.27, a PEG ratio of 3.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $177.75.

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 earnings per share 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 return on equity of 42.62% and a net margin of 16.15%.The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.51 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. Allegion's dividend payout ratio (DPR) is presently 28.33%.

About Allegion

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.