Trexquant Investment LP Takes Position in Allegion PLC $ALLE

Key Points

• Trexquant Investment LP has acquired 76,757 shares of Allegion PLC valued at approximately $10 million, indicating a growing interest in the company's stock.
• Allegion reported better-than-expected earnings with a 12-month revenue growth of 5.8% and a projected FY 2025 EPS guidance of 8.000-8.150.
• Current analyst ratings reflect a consensus of "Hold" with an average price target of $166.75, after several firms updated their ratings and price objectives recently.

Trexquant Investment LP bought a new stake in Allegion PLC (NYSE:ALLE - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 76,757 shares of the scientific and technical instruments company's stock, valued at approximately $10,014,000. Trexquant Investment LP owned about 0.09% of Allegion at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ALLE. Wayfinding Financial LLC bought a new stake in shares of Allegion during the first quarter valued at approximately $30,000. Colonial Trust Co SC lifted its stake in shares of Allegion by 192.9% during the fourth 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 during the period. Garde Capital Inc. acquired a new stake in shares of Allegion during the 1st quarter worth approximately $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 period. Finally, National Pension Service grew its position in shares of Allegion by 75.0% during the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock worth $42,000 after buying an additional 138 shares during the period. Institutional investors own 92.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ALLE. The Goldman Sachs Group lifted their target price on Allegion from $149.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Barclays raised shares of Allegion from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $156.00 to $163.00 in a research report on Thursday, August 14th. Zacks Research lowered shares of Allegion from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. Wells Fargo & Company increased their target price on Allegion from $150.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Friday, July 25th. Finally, Robert W. Baird increased their price objective on shares of Allegion from $150.00 to $175.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Allegion has a consensus rating of "Hold" and a consensus price target of $166.75.

Allegion Stock Performance

NYSE:ALLE traded up $1.64 during trading on Thursday, reaching $169.33. The company's stock had a trading volume of 104,715 shares, compared to its average volume of 966,746. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $172.95. The firm has a 50 day moving average of $159.85 and a 200-day moving average of $142.44. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 3.65 and a beta of 1.07. 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 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Research analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Insider Activity at Allegion

In related news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion 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 completion of the sale, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. The trade was a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Tracy L. Kemp sold 3,849 shares of the firm's stock in a transaction on Friday, July 25th. The stock was 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 directly owned 8,773 shares of the company's stock, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

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.