Vaughan Nelson Investment Management L.P. Has $19.17 Million Stake in Allegion PLC $ALLE

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in Allegion PLC by 2.3%, owning 133,031 shares worth approximately $19.17 million at the end of Q2.
• Allegion reported $2.04 earnings per share for the last quarter, exceeding analyst estimates, with revenue rising 5.8% compared to the previous year.
• The company declared a quarterly dividend of $0.51 per share, reflecting a 1.2% dividend yield and a payout ratio of 28.33%.

Vaughan Nelson Investment Management L.P. trimmed its position in shares of Allegion PLC (NYSE:ALLE - Free Report) by 2.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,031 shares of the scientific and technical instruments company's stock after selling 3,105 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.15% of Allegion worth $19,172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ALLE. Wayfinding Financial LLC acquired a new position in shares of Allegion during the first quarter worth approximately $30,000. Sound Income Strategies LLC purchased a new stake in Allegion in the 2nd quarter valued at $32,000. Garde Capital Inc. purchased a new stake in Allegion in the 1st quarter valued at $36,000. Cary Street Partners Investment Advisory LLC raised its position in 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 buying an additional 143 shares during the last quarter. Finally, National Pension Service raised its position in Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company's stock valued at $42,000 after buying an additional 138 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Allegion Trading Down 0.3%

Shares of Allegion stock opened at $177.29 on Friday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.34. The firm has a market cap of $15.22 billion, a PE ratio of 24.62, a P/E/G ratio of 3.81 and a beta of 1.07. The stock has a fifty day moving average price of $170.96 and a 200-day moving average price of $149.83. 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 announced its earnings results 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. Allegion had a return on equity of 42.62% and a net margin of 16.15%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $999.10 million. During the same period last year, the firm posted $1.96 EPS. The business'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. Equities research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALLE shares. Robert W. Baird increased their price target on Allegion from $150.00 to $175.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Zacks Research lowered Allegion from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 28th. JPMorgan Chase & Co. started coverage on Allegion in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $170.00 price target for the company. Barclays increased their price target on Allegion from $163.00 to $185.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Allegion in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $173.00.

Insider Buying and Selling at Allegion

In other news, 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 completion of the transaction, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction 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 transaction, the senior vice president owned 30,023 shares of the company's stock, valued at $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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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