Allegion PLC (ALLE) To Go Ex-Dividend on December 16th

Allegion PLC (NYSE:ALLE) announced a quarterly dividend on Wednesday, December 3rd. Stockholders of record on Tuesday, December 16th will be given a dividend of 0.51 per share by the scientific and technical instruments company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 16th.

Allegion has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 11 consecutive years. Allegion has a payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Allegion to earn $7.97 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 25.6%.

Allegion Stock Performance

Shares of ALLE stock opened at $160.64 on Friday. The company has a fifty day moving average price of $167.48 and a two-hundred day moving average price of $161.89. Allegion has a one year low of $116.57 and a one year high of $180.68. The stock has a market cap of $13.82 billion, a P/E ratio of 21.74, a P/E/G ratio of 3.14 and a beta of 1.03. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.Allegion’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $2.16 earnings per share. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, equities analysts predict that Allegion will post 7.77 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 60 shares during the last quarter. Diversify Advisory Services LLC grew its holdings in Allegion by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after acquiring an additional 60 shares during the last quarter. Huntington National Bank increased its position in Allegion by 7.7% in the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after acquiring an additional 61 shares during the period. HM Payson & Co. raised its stake in shares of Allegion by 2.4% during the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $469,000 after acquiring an additional 63 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in shares of Allegion by 4.5% during the third quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after purchasing an additional 66 shares during the period. 92.21% of the stock is currently owned by institutional investors.

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.