Triodos Investment Management BV Trims Stock Holdings in Allegion PLC $ALLE

Key Points

• Triodos Investment Management BV has reduced its stake in Allegion PLC by 15.7%, selling 28,000 shares and now holding 150,000 shares, which represents 1.6% of its portfolio.
• Several other institutional investors, such as Charles Schwab Investment Management Inc. and Wealth Enhancement Advisory Services LLC, have increased their holdings in Allegion PLC during the first quarter of the year.
• Allegion recently reported earnings of $2.04 EPS for the quarter, surpassing expectations and demonstrating a 5.8% year-over-year revenue growth. Additionally, they declared a quarterly dividend of $0.51.

Triodos Investment Management BV decreased its stake in Allegion PLC (NYSE:ALLE - Free Report) by 15.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the scientific and technical instruments company's stock after selling 28,000 shares during the quarter. Allegion makes up 1.6% of Triodos Investment Management BV's portfolio, making the stock its 28th biggest holding. Triodos Investment Management BV owned 0.17% of Allegion worth $21,618,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Allegion by 0.7% in the first 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 buying an additional 4,942 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Allegion by 324.3% in the first 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 buying an additional 32,842 shares in the last quarter. Atria Wealth Solutions Inc. increased its position in Allegion by 5.6% in the first quarter. Atria Wealth Solutions Inc. now owns 2,924 shares of the scientific and technical instruments company's stock worth $381,000 after buying an additional 154 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Allegion by 6.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 120,863 shares of the scientific and technical instruments company's stock worth $15,768,000 after buying an additional 7,645 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in Allegion by 10.6% in the first quarter. Asset Management One Co. Ltd. now owns 37,648 shares of the scientific and technical instruments company's stock worth $4,912,000 after buying an additional 3,618 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company's stock.

Insider Activity at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of the firm's 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 completion of the sale, the senior vice president directly owned 8,773 shares of the company's stock, valued at $1,446,843.16. This trade represents a 30.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares of the company's stock, valued at $4,946,589.48. This 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 company insiders.

Allegion Price Performance

NYSE:ALLE opened at $175.39 on Friday. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 3.83 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 business has a 50 day simple moving average of $171.96 and a 200-day simple moving average of $151.02. 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 posted its quarterly earnings data 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. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $999.10 million. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Equities analysts forecast that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, September 15th. Allegion's dividend payout ratio (DPR) is presently 28.33%.

Analyst Ratings Changes

Several research firms recently issued reports on ALLE. JPMorgan Chase & Co. began coverage on Allegion in a research report on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price for the company. Bank of America upgraded Allegion from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Wells Fargo & Company increased their target price on Allegion from $175.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Allegion in a research report on Wednesday. Finally, Barclays increased their target price on Allegion from $163.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 1st. Three 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 company presently has a consensus rating of "Hold" and an average target price of $174.25.

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.

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