Vanguard Personalized Indexing Management LLC Acquires 1,512 Shares of Allegion PLC $ALLE

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Allegion PLC by 31.2%, acquiring an additional 1,512 shares, bringing its total to 6,353 shares valued at approximately $916,000.
• Allegion reported a 5.8% year-over-year revenue increase and a quarterly EPS of $2.04, surpassing analyst expectations, while setting guidance for FY 2025 EPS between $8.000-$8.150.
• The company recently declared a quarterly dividend of $0.51, resulting in an annualized payout of $2.04 and a yield of 1.1%, with a current payout ratio of 28.33%.

Vanguard Personalized Indexing Management LLC boosted its holdings in Allegion PLC (NYSE:ALLE - Free Report) by 31.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,353 shares of the scientific and technical instruments company's stock after buying an additional 1,512 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Allegion were worth $916,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in Allegion in the 2nd quarter worth approximately $32,000. Wayfinding Financial LLC bought a new stake in shares of Allegion during the first quarter valued at approximately $30,000. Garde Capital Inc. bought a new stake in shares of Allegion during the first quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Allegion by 91.7% during the first 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 increased its position in shares of Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock valued at $42,000 after purchasing an additional 138 shares during the period. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

Shares of ALLE stock opened at $177.57 on Monday. The stock's fifty day simple moving average is $173.28 and its 200 day simple moving average is $153.25. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64. The firm has a market cap of $15.24 billion, a price-to-earnings ratio of 24.66, a P/E/G ratio of 3.83 and a beta of 1.07. Allegion PLC has a one year low of $116.57 and a one year high of $180.34.

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 EPS for the quarter, beating 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%.Allegion's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, analysts expect that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.51 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a yield of 1.1%. Allegion's payout ratio is presently 28.33%.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of Allegion stock in a transaction 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 transaction, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. The trade was a 30.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of Allegion 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 completion of the transaction, the senior vice president owned 30,023 shares of the company's stock, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.23% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ALLE. The Goldman Sachs Group boosted their price objective on Allegion from $176.00 to $198.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Wells Fargo & Company boosted their price objective on Allegion from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Monday, October 6th. Weiss Ratings restated a "buy (b)" rating on shares of Allegion in a research report on Wednesday, October 8th. Morgan Stanley boosted their price objective on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Finally, Barclays boosted their price objective on Allegion from $163.00 to $185.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target 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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