Allegion PLC (NYSE:ALLE) Short Interest Update

Allegion PLC (NYSE:ALLE) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 2,378,302 shares, a decrease of 23.4% from the December 15th total of 3,102,811 shares. Based on an average daily trading volume, of 772,218 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.8% of the company’s shares are sold short. Currently, 2.8% of the company’s shares are sold short. Based on an average daily trading volume, of 772,218 shares, the days-to-cover ratio is presently 3.1 days.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALLE. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Barclays dropped their price objective on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Robert W. Baird increased their target price on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Allegion currently has an average rating of “Hold” and an average target price of $174.25.

Allegion Trading Up 1.1%

NYSE:ALLE opened at $165.27 on Tuesday. Allegion has a 12-month low of $116.57 and a 12-month high of $180.68. The firm has a market cap of $14.22 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 3.01 and a beta of 1.04. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06. The stock has a fifty day moving average price of $162.10 and a 200 day moving average price of $165.83.

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

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, December 16th. Allegion’s dividend payout ratio is 27.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALLE. Westside Investment Management Inc. raised its position in shares of Allegion by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. First Horizon Corp purchased a new position in Allegion in the third quarter valued at approximately $26,000. Hantz Financial Services Inc. increased its stake in Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in Allegion during the third quarter worth approximately $29,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Allegion during the 3rd quarter worth approximately $36,000. 92.21% of the stock is owned by institutional investors and hedge funds.

About Allegion

Allegion plc (NYSE: ALLE) is a global provider of security products and solutions focused on ensuring the safety and security of people and property. The company was formed in December 2013 through a corporate spin-off from Ingersoll Rand and is head­quartered in Dublin, Ireland. Allegion’s core mission is to deliver innovative mechanical and electronic access control systems for a wide range of end markets, including commercial buildings, residential properties, institutional facilities, and industrial sites.

The company’s product portfolio spans mechanical locksets, door closers, exit devices, key systems and cylinders, as well as a growing suite of electronic and smart access control offerings.