Graham Capital Management L.P. Sells 17,790 Shares of Allegion PLC $ALLE

Key Points

• Graham Capital Management L.P. reduced its holdings in Allegion PLC by 44.9%, selling 17,790 shares and retaining 21,864 shares, valued at approximately $2.85 million.
• Institutional investors now control 92.21% of Allegion's stock, with notable increases in stakes from firms like Kayne Anderson Rudnick and Squarepoint Ops.
• Allegion reported a 5.8% year-over-year revenue increase, with EPS of $2.04 exceeding analysts' expectations and guidance for FY 2025 set between $8.000 and $8.150.

Graham Capital Management L.P. lowered its stake in Allegion PLC (NYSE:ALLE - Free Report) by 44.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,864 shares of the scientific and technical instruments company's stock after selling 17,790 shares during the quarter. Graham Capital Management L.P.'s holdings in Allegion were worth $2,852,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new position in Allegion in the 1st quarter worth about $30,000. Colonial Trust Co SC raised its holdings 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 acquiring an additional 164 shares in the last quarter. Garde Capital Inc. purchased a new stake in shares of Allegion in the 1st quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Allegion by 91.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 143 shares in the last quarter. Finally, National Pension Service grew its holdings in shares of Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after purchasing an additional 138 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Allegion Price Performance

Shares of NYSE ALLE traded up $1.15 during trading hours on Friday, reaching $171.90. 587,495 shares of the stock traded hands, compared to its average volume of 967,894. The company has a market capitalization of $14.76 billion, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 3.60 and a beta of 1.07. 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 $173.25. The company's 50-day simple moving average is $160.39 and its two-hundred day simple moving average is $142.70.

Allegion (NYSE:ALLE - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, topping analysts' consensus estimates of $2.00 by $0.04. The business had revenue of $1.02 billion for 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 business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities research analysts forecast that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently declared 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. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, September 15th. Allegion's payout ratio is 28.33%.

Insider Buying and Selling

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction that occurred 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 of the company's stock, valued at $1,446,843.16. The trade was a 30.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the business's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays raised Allegion from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $156.00 to $163.00 in a report on Thursday, August 14th. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Mizuho boosted their price objective on Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Bank of America raised Allegion from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $110.00 to $175.00 in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. started coverage on Allegion in a report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Allegion currently has an average rating of "Hold" and an average target price of $166.75.

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.