Allegion PLC $ALLE Shares Acquired by Wealth Alliance LLC

Wealth Alliance LLC increased its position in Allegion PLC (NYSE:ALLE) by 34.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,758 shares of the scientific and technical instruments company’s stock after purchasing an additional 712 shares during the period. Wealth Alliance LLC’s holdings in Allegion were worth $397,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cerity Partners LLC increased its position in Allegion by 68.4% during the first quarter. Cerity Partners LLC now owns 44,523 shares of the scientific and technical instruments company’s stock worth $5,808,000 after buying an additional 18,091 shares during the period. CWM LLC grew its position in shares of Allegion by 346.8% during the first quarter. CWM LLC now owns 26,194 shares of the scientific and technical instruments company’s stock worth $3,417,000 after acquiring an additional 20,331 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Allegion during the first quarter worth approximately $1,510,000. Sigma Planning Corp increased its holdings in shares of Allegion by 11.1% in the 1st quarter. Sigma Planning Corp now owns 1,851 shares of the scientific and technical instruments company’s stock valued at $241,000 after acquiring an additional 185 shares during the period. Finally, Whittier Trust Co. raised its position in Allegion by 16.6% in the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock valued at $75,000 after purchasing an additional 82 shares during the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ALLE shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. Wells Fargo & Company upped their price objective on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a research note on Monday, October 6th. Barclays lifted their target price on Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research note on Friday, October 24th. The Goldman Sachs Group increased their price target on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, Bank of America upgraded shares of Allegion from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $175.00 in a research report on Tuesday, July 29th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Allegion presently has an average rating of “Hold” and an average target price of $176.38.

Allegion Trading Down 2.4%

NYSE:ALLE opened at $164.31 on Friday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.68. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77. The stock has a fifty day moving average price of $173.11 and a two-hundred day moving average price of $158.73. The stock has a market capitalization of $14.14 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 3.29 and a beta of 1.07.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $2.16 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

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

Allegion Company 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.