MOKAN Wealth Management Inc. Acquires Shares of 9,603 Allegion PLC $ALLE

MOKAN Wealth Management Inc. acquired a new stake in Allegion PLC (NYSE:ALLE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,603 shares of the scientific and technical instruments company's stock, valued at approximately $1,383,000.

A number of other institutional investors have also recently bought and sold shares of the business. Board of the Pension Protection Fund bought a new stake in Allegion in the 2nd quarter valued at about $418,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Allegion by 31.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,353 shares of the scientific and technical instruments company's stock valued at $916,000 after purchasing an additional 1,512 shares during the period. Louisbourg Investments Inc. bought a new stake in Allegion in the 2nd quarter valued at about $3,163,000. Aberdeen Group plc boosted its holdings in Allegion by 14.9% in the 2nd quarter. Aberdeen Group plc now owns 74,998 shares of the scientific and technical instruments company's stock valued at $10,809,000 after purchasing an additional 9,722 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Allegion by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 643 shares of the scientific and technical instruments company's stock worth $93,000 after acquiring an additional 104 shares during the period. Institutional investors own 92.21% of the company's stock.

Insider Activity at Allegion

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of the company'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 completion of the transaction, the senior vice president directly owned 30,023 shares in the company, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their position. The sale 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 company'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 transaction, the senior vice president owned 8,773 shares of the company's stock, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company's stock.

Allegion Price Performance

ALLE stock opened at $173.20 on Monday. The company has a 50 day simple moving average of $172.12 and a 200 day simple moving average of $151.62. The stock has a market cap of $14.87 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 3.72 and a beta of 1.07. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.34. 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 (NYSE:ALLE - Get Free Report) last announced its quarterly 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 firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $999.10 million. During the same period in the prior year, the company posted $1.96 EPS. The company'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. Research analysts anticipate 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 was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, September 15th. Allegion's dividend payout ratio is 28.33%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ALLE shares. Wells Fargo & Company upped their price target on shares of Allegion from $175.00 to $185.00 and gave the stock an "equal weight" rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Allegion in a report on Wednesday, October 8th. Bank of America raised shares of Allegion from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $110.00 to $175.00 in a report on Tuesday, July 29th. Mizuho upped their price target on shares of Allegion from $145.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Morgan Stanley upped their price target on shares of Allegion from $139.00 to $151.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Three equities research 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 stock has a consensus rating of "Hold" and an average target price of $174.25.

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.

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