Allegion PLC $ALLE Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group boosted its holdings in shares of Allegion PLC (NYSE:ALLE) by 62.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,931 shares of the scientific and technical instruments company’s stock after purchasing an additional 117,407 shares during the period. Schroder Investment Management Group owned approximately 0.36% of Allegion worth $44,091,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Sound Income Strategies LLC bought a new stake in shares of Allegion during the 2nd quarter worth about $32,000. Spire Wealth Management boosted its holdings in Allegion by 78.0% during the second quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 103 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Allegion by 91.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 299 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 143 shares in the last quarter. National Pension Service boosted its holdings in shares of Allegion by 75.0% in 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 in the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of Allegion in the first quarter valued at about $44,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ALLE has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Barclays boosted their price objective on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Robert W. Baird raised their price target on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and an average target price of $176.38.

Allegion Stock Performance

NYSE ALLE opened at $166.03 on Monday. 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 firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 22.47, a P/E/G ratio of 3.24 and a beta of 1.03. The firm’s 50 day simple moving average is $170.42 and its 200 day simple moving average is $160.72. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68.

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

Allegion Announces Dividend

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

Allegion 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.