Blue Trust Inc. Acquires 104 Shares of Allegion PLC $ALLE

Blue Trust Inc. increased its holdings in shares of Allegion PLC (NYSE:ALLE) by 19.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 643 shares of the scientific and technical instruments company’s stock after acquiring an additional 104 shares during the period. Blue Trust Inc.’s holdings in Allegion were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALLE. Wayfinding Financial LLC bought a new stake in shares of Allegion during the 1st quarter worth approximately $30,000. Sound Income Strategies LLC bought a new stake in shares of Allegion during the 2nd quarter worth approximately $32,000. Garde Capital Inc. bought a new stake in shares of Allegion during the 1st quarter worth approximately $36,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of Allegion by 91.7% during 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 acquiring an additional 143 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of Allegion by 75.0% during the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock worth $42,000 after acquiring an additional 138 shares during the last quarter. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling at Allegion

In related news, SVP Timothy P. Eckersley sold 10,810 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the transaction, the senior vice president directly owned 30,023 shares in the company, valued at $4,946,589.48. The trade was a 26.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Tracy L. Kemp sold 3,849 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the transaction, the senior vice president owned 8,773 shares in the company, valued at approximately $1,446,843.16. This trade represents a 30.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Allegion Trading Up 0.0%

Shares of NYSE:ALLE opened at $177.57 on Friday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.34. The business’s fifty day simple moving average is $173.28 and its 200-day simple moving average is $152.92. 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 company has a market capitalization of $15.24 billion, a PE ratio of 24.66, a P/E/G ratio of 3.81 and a beta of 1.07.

Allegion (NYSE:ALLE) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $2.04 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $999.10 million. During the same period in the previous year, the business earned $1.96 EPS. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, equities research analysts predict that Allegion PLC 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 Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, September 15th. Allegion’s payout ratio is 28.33%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ALLE. The Goldman Sachs Group raised their price target on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $175.00 in a report on Tuesday, July 29th. JPMorgan Chase & Co. initiated coverage on Allegion in a report on Tuesday, June 24th. They set an “overweight” rating and a $170.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Finally, Morgan Stanley raised their price objective on Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $174.25.

About Allegion

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.