Strs Ohio Buys 1,366 Shares of Allegion PLC $ALLE

Strs Ohio grew its position in shares of Allegion PLC (NYSE:ALLE) by 12.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,433 shares of the scientific and technical instruments company’s stock after buying an additional 1,366 shares during the quarter. Strs Ohio’s holdings in Allegion were worth $1,792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of ALLE. Sound Income Strategies LLC bought a new position in Allegion in the second quarter valued at about $32,000. Wayfinding Financial LLC bought a new position in shares of Allegion in the 1st quarter worth approximately $30,000. Spire Wealth Management lifted its stake in shares of Allegion by 78.0% in the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 103 shares during the period. Cary Street Partners Investment Advisory LLC raised its position in Allegion by 91.7% in the first 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 period. Finally, National Pension Service raised its position in Allegion by 75.0% in the first 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 period. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

NYSE:ALLE opened at $165.53 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The business’s 50-day simple moving average is $173.59 and its two-hundred day simple moving average is $157.36. The stock has a market cap of $14.24 billion, a PE ratio of 22.40, a P/E/G ratio of 3.23 and a beta of 1.07. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68.

Allegion (NYSE:ALLE) last issued its earnings results 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 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%.The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, analysts forecast that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.51 per share. The ex-dividend date was Monday, September 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.2%. Allegion’s dividend payout ratio (DPR) is presently 27.60%.

Analyst Ratings Changes

Several research analysts have weighed in on ALLE shares. Robert W. Baird increased their price target on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised their target price on Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Bank of America raised 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 research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their price objective on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three equities 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.com, the company has an average rating of “Hold” and an average target price of $176.38.

Insider Activity

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of Allegion stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares in the company, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.23% of the stock is currently owned by insiders.

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.