1,513 Shares in Allegion PLC $ALLE Bought by First Bank & Trust

Key Points

• First Bank & Trust has acquired a new stake in Allegion PLC, purchasing 1,513 shares valued at approximately $218,000 during the second quarter.
• Allegion's recent earnings report revealed an EPS of $2.04, surpassing analyst estimates, with revenues of $1.02 billion for the quarter.
• The company announced a quarterly dividend of $0.51 per share, representing a 1.2% dividend yield, to be paid on September 30th.

First Bank & Trust purchased a new stake in Allegion PLC (NYSE:ALLE - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,513 shares of the scientific and technical instruments company's stock, valued at approximately $218,000.

A number of other hedge funds also recently made changes to their positions in ALLE. Focus Partners Wealth purchased a new stake in Allegion during the 4th quarter worth $308,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Allegion by 5.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,966 shares of the scientific and technical instruments company's stock valued at $1,172,000 after purchasing an additional 434 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Allegion in the 4th quarter valued at approximately $375,000. ProShare Advisors LLC increased its stake in Allegion by 55.0% in the 4th quarter. ProShare Advisors LLC now owns 23,081 shares of the scientific and technical instruments company's stock valued at $3,016,000 after buying an additional 8,191 shares during the period. Finally, Rafferty Asset Management LLC increased its stake in shares of Allegion by 11.1% during the 4th quarter. Rafferty Asset Management LLC now owns 8,117 shares of the scientific and technical instruments company's stock worth $1,061,000 after purchasing an additional 811 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a report on Friday, July 25th. Zacks Research downgraded shares of Allegion from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Bank of America raised shares of Allegion from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Robert W. Baird increased their target price 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. Finally, Barclays upgraded Allegion from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $156.00 to $163.00 in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $170.25.

Insider Buying and Selling at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of the company's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the 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 sale, the senior vice president owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Allegion Trading Up 0.3%

Shares of NYSE ALLE traded up $0.61 during trading on Friday, reaching $179.39. The stock had a trading volume of 3,245,980 shares, compared to its average volume of 792,092. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $180.34. The company has a market cap of $15.40 billion, a P/E ratio of 24.92, a PEG ratio of 3.85 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The business's 50-day moving average price is $166.36 and its 200-day moving average price is $146.46.

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 for the quarter, topping analysts' consensus estimates of $2.00 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period last year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Monday, September 15th. Allegion's payout ratio is 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.