Texas Permanent School Fund Corp Sells 3,559 Shares of Allegion PLC $ALLE

Texas Permanent School Fund Corp decreased its position in shares of Allegion PLC (NYSE:ALLE) by 38.5% during the second quarter, Holdings Channel reports. The institutional investor owned 5,694 shares of the scientific and technical instruments company’s stock after selling 3,559 shares during the period. Texas Permanent School Fund Corp’s holdings in Allegion were worth $821,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ALLE. Huntington National Bank boosted its holdings in shares of Allegion by 7.7% during the 2nd quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after purchasing an additional 61 shares during the last quarter. Aurora Investment Counsel boosted its holdings in shares of Allegion by 0.6% in the 2nd quarter. Aurora Investment Counsel now owns 12,466 shares of the scientific and technical instruments company’s stock worth $1,797,000 after purchasing an additional 71 shares during the period. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of Allegion by 25.8% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 376 shares of the scientific and technical instruments company’s stock worth $54,000 after purchasing an additional 77 shares during the period. Mission Wealth Management LP increased its position in shares of Allegion by 1.4% during the 2nd quarter. Mission Wealth Management LP now owns 6,123 shares of the scientific and technical instruments company’s stock valued at $883,000 after purchasing an additional 85 shares during the last quarter. Finally, Spire Wealth Management raised its holdings in Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 103 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

Allegion Trading Up 0.1%

ALLE stock opened at $160.85 on Friday. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $180.68. The firm’s 50-day moving average is $164.69 and its 200 day moving average is $163.02. The company has a market capitalization of $13.84 billion, a PE ratio of 21.77, 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 issued its 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 for the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a net margin of 16.09% and a return on equity of 40.83%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 EPS. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, December 16th. Allegion’s dividend payout ratio (DPR) is presently 27.60%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALLE shares. The Goldman Sachs Group lifted their price objective on shares of Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Robert W. Baird upped their price target on shares of Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a report on Tuesday, October 21st. Barclays increased their price objective on shares of Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a research report on Friday, October 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.13.

Allegion Profile

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.