Vestmark Advisory Solutions Inc. Boosts Stake in Allegion PLC $ALLE

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Allegion PLC by 100.7% in Q1, owning approximately $7.92 million as of its latest SEC filing.
• Allegion's most recent earnings report showed an EPS of $2.04, exceeding estimates, with revenue rising 5.8% year-over-year.
• Several analyst upgrades raised Allegion's price target, with Wells Fargo increasing it from $150 to $175 while maintaining an "equal weight" rating.

Vestmark Advisory Solutions Inc. boosted its stake in Allegion PLC (NYSE:ALLE - Free Report) by 100.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 60,732 shares of the scientific and technical instruments company's stock after acquiring an additional 30,474 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.07% of Allegion worth $7,923,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new stake in shares of Allegion in the first quarter valued at about $30,000. Colonial Trust Co SC raised its position in shares of Allegion by 192.9% during the 4th quarter. Colonial Trust Co SC now owns 249 shares of the scientific and technical instruments company's stock worth $33,000 after purchasing an additional 164 shares during the last quarter. Garde Capital Inc. purchased a new position in Allegion in the 1st quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC boosted its holdings 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 worth $39,000 after buying an additional 143 shares during the last quarter. Finally, GeoWealth Management LLC boosted its holdings in Allegion by 259.3% in the 4th quarter. GeoWealth Management LLC now owns 309 shares of the scientific and technical instruments company's stock worth $40,000 after buying an additional 223 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Down 0.9%

Allegion stock traded down $1.4790 during midday trading on Wednesday, hitting $168.3810. 671,301 shares of the stock were exchanged, compared to its average volume of 1,047,321. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. The stock's 50-day simple moving average is $153.57 and its 200 day simple moving average is $139.71. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $170.51. The stock has a market capitalization of $14.46 billion, a price-to-earnings ratio of 23.39, a PEG ratio of 3.65 and a beta of 1.05.

Allegion (NYSE:ALLE - Get Free Report) last posted its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.04. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. During the same period in the previous year, the business posted $1.96 EPS. Allegion's revenue was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ALLE shares. Morgan Stanley raised their target price on Allegion from $139.00 to $151.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Barclays raised Allegion from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $156.00 to $163.00 in a research note on Thursday, August 14th. JPMorgan Chase & Co. initiated coverage on shares of Allegion in a research note on Tuesday, June 24th. They set an "overweight" rating and a $170.00 target price on the stock. Mizuho increased their target price on shares of Allegion from $145.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, July 25th. Finally, Bank of America upgraded shares of Allegion from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Allegion has a consensus rating of "Hold" and an average price target of $166.75.

Insider Activity at Allegion

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

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.