2,400 Shares in Allegion PLC $ALLE Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC has made a new investment of approximately $313,000 in Allegion PLC, acquiring 2,400 shares during the first quarter.
• Allegion reported better-than-expected earnings of $2.04 per share for the last quarter, surpassing analysts' expectations of $2.00.
• Allegion has declared a quarterly dividend of $0.51 per share, with an annual dividend yield of 1.2% scheduled for payment on September 30th.

Focus Partners Advisor Solutions LLC purchased a new stake in Allegion PLC (NYSE:ALLE - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,400 shares of the scientific and technical instruments company's stock, valued at approximately $313,000.

Several other large investors have also modified their holdings of ALLE. Wayfinding Financial LLC acquired a new position in shares of Allegion in the 1st quarter valued at $30,000. Colonial Trust Co SC lifted its stake in shares of Allegion by 192.9% in the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 164 shares during the last quarter. Garde Capital Inc. acquired a new position in shares of Allegion in the 1st quarter valued at $36,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of 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 valued at $39,000 after purchasing an additional 143 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 138 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Transactions at Allegion

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 30,023 shares in the company, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ALLE shares. Mizuho upped their price target on Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Zacks Research downgraded Allegion from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Bank of America upgraded Allegion from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Robert W. Baird boosted their price objective on Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. assumed coverage on Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $166.75.

Allegion Stock Down 1.4%

NYSE ALLE traded down $2.44 during trading hours on Friday, hitting $174.74. 1,100,181 shares of the company were exchanged, compared to its average volume of 693,692. The company has a 50 day moving average of $163.55 and a two-hundred day moving average of $144.58. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $177.75. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.81 and a beta of 1.07.

Allegion (NYSE:ALLE - Get Free Report) last issued 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. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $999.10 million. During the same quarter in the prior year, the business earned $1.96 EPS. Allegion's revenue was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

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

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.