State of Wyoming Sells 4,105 Shares of Allegion PLC $ALLE

Key Points

• The State of Wyoming significantly cut its holdings in **Allegion PLC** by **73.5%** in Q1, bringing its ownership down to **1,478 shares** valued at approximately **$193,000**.
• Despite this reduction, other institutional investors increased their stakes in Allegion, with **Ameriprise Financial** boosting its shareholding by **79.9%** during the same quarter.
• Allegion announced a quarterly dividend of **$0.51 per share**, representing a **1.2% yield**, with the payout ratio currently at **28.33%**.

State of Wyoming cut its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 73.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,478 shares of the scientific and technical instruments company's stock after selling 4,105 shares during the period. State of Wyoming's holdings in Allegion were worth $193,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ALLE. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Allegion by 22.5% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,776,203 shares of the scientific and technical instruments company's stock worth $623,104,000 after purchasing an additional 878,796 shares during the last quarter. Nuveen LLC acquired a new position in shares of Allegion during the 1st quarter worth about $40,240,000. Squarepoint Ops LLC lifted its position in shares of Allegion by 11,506.8% during the 4th quarter. Squarepoint Ops LLC now owns 272,295 shares of the scientific and technical instruments company's stock worth $35,584,000 after purchasing an additional 269,949 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Allegion by 19.2% during the 4th quarter. Deutsche Bank AG now owns 1,641,810 shares of the scientific and technical instruments company's stock worth $214,552,000 after purchasing an additional 264,379 shares during the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Allegion by 13.2% during the 1st quarter. Brown Advisory Inc. now owns 2,141,492 shares of the scientific and technical instruments company's stock worth $279,379,000 after purchasing an additional 249,295 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company's stock.

Insider Buying and Selling

In related news, SVP Timothy P. Eckersley sold 10,810 shares of the 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 directly owned 30,023 shares in the company, valued at $4,946,589.48. This represents a 26.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Tracy L. Kemp sold 3,849 shares of the 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 sale, the senior vice president owned 8,773 shares in the company, 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. 0.23% of the stock is owned by corporate insiders.

Allegion Price Performance

Shares of ALLE stock traded up $0.51 during trading hours on Wednesday, hitting $170.48. The company had a trading volume of 545,540 shares, compared to its average volume of 695,553. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $173.25. The firm has a market capitalization of $14.64 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.65 and a beta of 1.07. The firm's fifty day moving average is $162.42 and its 200 day moving average is $143.93. 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 released its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating 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 analyst estimates 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% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, sell-side 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. Investors 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 dividend on an annualized basis and a yield of 1.2%. Allegion's dividend payout ratio is 28.33%.

Analyst Ratings Changes

Several research firms recently weighed in on ALLE. Robert W. Baird boosted their price objective on Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. JPMorgan Chase & Co. started coverage on Allegion in a report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target for the company. Zacks Research cut Allegion from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Wells Fargo & Company upped their price target on Allegion from $150.00 to $175.00 and gave the company an "equal weight" rating in a report on Friday, July 25th. Finally, Mizuho upped their price target on Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Allegion currently has a consensus rating of "Hold" and an average target price of $166.75.

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.