MBB Public Markets I LLC Takes $313,000 Position in Allegion PLC $ALLE

Key Points

• MBB Public Markets I LLC has acquired a new stake in Allegion PLC worth approximately $313,000 during the first quarter, buying a total of 2,402 shares.
• Allegion reported $2.04 earnings per share for the last quarter, surpassing analysts' expectations, alongside a revenue increase of 5.8% year-over-year.
• The company has declared a quarterly dividend of $0.51 per share, resulting in an annualized dividend yield of 1.2%, with a payout ratio of 28.33%.

MBB Public Markets I LLC bought a new position in shares of Allegion PLC (NYSE:ALLE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,402 shares of the scientific and technical instruments company's stock, valued at approximately $313,000.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Allegion by 0.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 740,233 shares of the scientific and technical instruments company's stock worth $96,571,000 after purchasing an additional 4,942 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased 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 purchasing an additional 32,842 shares in the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Allegion by 5.6% in the 1st quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company's stock valued at $381,000 after acquiring an additional 154 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Allegion by 284.1% in the 1st quarter. Merit Financial Group LLC now owns 8,285 shares of the scientific and technical instruments company's stock valued at $1,081,000 after acquiring an additional 6,128 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Allegion by 6.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock valued at $15,768,000 after acquiring an additional 7,645 shares in the last quarter. Institutional investors own 92.21% of the company's stock.

Allegion Stock Performance

NYSE:ALLE traded down $2.44 during mid-day trading on Friday, hitting $174.74. The stock had a trading volume of 1,100,181 shares, compared to its average volume of 693,692. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $177.75. The stock 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. The company's 50 day simple moving average is $163.55 and its 200 day simple moving average is $144.58. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30.

Allegion (NYSE:ALLE - Get Free Report) last issued its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $999.10 million. During the same period last year, the business posted $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. On average, equities research analysts forecast that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 1.2%. Allegion's dividend payout ratio (DPR) is 28.33%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research cut 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 raised their price objective for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. 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 for the company. Finally, Barclays upgraded Allegion from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $156.00 to $163.00 in a report on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Allegion has an average rating of "Hold" and an average target price of $166.75.

Insider Activity at Allegion

In other Allegion news, 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 transaction of $634,777.08. Following the completion of the sale, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,781,055.60. Following the sale, the senior vice president owned 30,023 shares of the company's stock, 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. Company insiders own 0.23% of the company's stock.

Allegion 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.