Orion Porfolio Solutions LLC Grows Stock Position in Allegion PLC $ALLE

Orion Porfolio Solutions LLC raised its holdings in shares of Allegion PLC (NYSE:ALLE) by 65.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,683 shares of the scientific and technical instruments company’s stock after acquiring an additional 8,547 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Allegion were worth $3,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLE. Ballentine Partners LLC acquired a new stake in Allegion during the 2nd quarter valued at $244,000. Los Angeles Capital Management LLC raised its holdings in shares of Allegion by 48.6% in the second quarter. Los Angeles Capital Management LLC now owns 180,750 shares of the scientific and technical instruments company’s stock worth $26,050,000 after acquiring an additional 59,144 shares during the last quarter. Berkshire Hathaway Inc purchased a new stake in shares of Allegion in the second quarter valued at $112,433,000. Janney Montgomery Scott LLC boosted its stake in shares of Allegion by 9.6% during the second quarter. Janney Montgomery Scott LLC now owns 71,087 shares of the scientific and technical instruments company’s stock valued at $10,245,000 after acquiring an additional 6,247 shares during the last quarter. Finally, Grimes & Company Inc. purchased a new stake in Allegion during the 2nd quarter worth about $210,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ALLE shares. Zacks Research lowered shares of Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. The Goldman Sachs Group upped their price objective on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday. Barclays boosted their price target on Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $175.13.

Allegion Stock Performance

Shares of ALLE stock opened at $159.94 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 21.64, a price-to-earnings-growth ratio of 3.14 and a beta of 1.03. Allegion PLC has a one year low of $116.57 and a one year high of $180.68. The company has a 50 day moving average price of $166.18 and a 200 day moving average price of $162.26.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.09. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Sell-side 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 will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.51 per share. The ex-dividend date is Tuesday, December 16th. This represents a $2.04 annualized dividend and a yield of 1.3%. Allegion’s dividend payout ratio is currently 27.60%.

Allegion Company 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.