2,612 Shares in Allegion PLC $ALLE Bought by United Services Automobile Association

Key Points

• United Services Automobile Association acquired a new stake in Allegion PLC, investing approximately $335,000 for 2,612 shares during the first quarter.
• Analysts have set varied price targets for Allegion, with Robert W. Baird raising it from $150 to $175, while Zacks downgraded it from "strong-buy" to "hold."
• Allegion recently declared a quarterly dividend of $0.51 per share, indicating an annual yield of 1.1%, which will be paid on September 30th.

United Services Automobile Association acquired a new position in Allegion PLC (NYSE:ALLE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,612 shares of the scientific and technical instruments company's stock, valued at approximately $335,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Voleon Capital Management LP acquired a new position in shares of Allegion during the 1st quarter valued at $830,000. Cape Investment Advisory Inc. grew its stake in shares of Allegion by 26.6% in the 1st quarter. Cape Investment Advisory Inc. now owns 680 shares of the scientific and technical instruments company's stock worth $89,000 after acquiring an additional 143 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Allegion by 44.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company's stock worth $213,000 after acquiring an additional 499 shares in the last quarter. Paradoxiom Capital L.P. bought a new stake in shares of Allegion in the 1st quarter worth $7,571,000. Finally, NFJ Investment Group LLC grew its stake in shares of Allegion by 50.0% in the 1st quarter. NFJ Investment Group LLC now owns 203,951 shares of the scientific and technical instruments company's stock worth $26,608,000 after acquiring an additional 67,958 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Trading Up 0.6%

Shares of NYSE ALLE traded up $1.09 during mid-day trading on Tuesday, reaching $177.29. 306,174 shares of the company's stock were exchanged, compared to its average volume of 959,551. The company's 50-day moving average is $164.11 and its 200-day moving average is $145.14. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $177.75. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.64 and a current ratio of 2.30. The firm has a market capitalization of $15.22 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.76 and a beta of 1.07.

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 for the quarter, topping the consensus estimate of $2.00 by $0.04. The business had revenue of $1.02 billion for 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 business's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. Analysts expect that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, September 15th. Allegion's dividend payout ratio (DPR) is presently 28.33%.

Insiders Place Their Bets

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the company's stock in a transaction 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 transaction, the senior vice president directly owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The transaction 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 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 transaction, the senior vice president directly owned 8,773 shares in the company, valued at $1,446,843.16. The trade was 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.

Analyst Upgrades and Downgrades

ALLE has been the subject of several research reports. Barclays upgraded shares of Allegion from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $156.00 to $163.00 in a research report on Thursday, August 14th. The Goldman Sachs Group raised their target price on shares of Allegion from $176.00 to $198.00 and gave the stock a "buy" rating in a report on Tuesday. Zacks Research cut shares of Allegion from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 28th. Bank of America upgraded shares of Allegion from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $110.00 to $175.00 in a report on Tuesday, July 29th. Finally, Morgan Stanley boosted their price objective on shares of Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Allegion presently has a consensus rating of "Hold" and a consensus target price of $170.25.

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.