Avantra Family Wealth Inc. Acquires New Holdings in Allegion PLC $ALLE

Avantra Family Wealth Inc. acquired a new stake in shares of Allegion PLC (NYSE:ALLE) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,824 shares of the scientific and technical instruments company’s stock, valued at approximately $263,000.

A number of other institutional investors have also recently bought and sold shares of ALLE. Wayfinding Financial LLC acquired a new position in Allegion during the first quarter valued at approximately $30,000. Sound Income Strategies LLC acquired a new position in Allegion during the second quarter valued at approximately $32,000. Garde Capital Inc. acquired a new position in Allegion during the first quarter valued at approximately $36,000. Cary Street Partners Investment Advisory LLC grew its holdings in Allegion by 91.7% during the first 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 during the period. Finally, National Pension Service grew its holdings in Allegion by 75.0% during the first quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 138 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.1%

Allegion stock opened at $177.53 on Tuesday. The company has a 50 day moving average of $171.23 and a 200-day moving average of $150.34. The company has a quick ratio of 1.64, a current ratio of 2.30 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $15.24 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.81 and a beta of 1.07. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $180.34.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.04. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $999.10 million. Allegion had a net margin of 16.15% and a return on equity of 42.62%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.96 earnings per share. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. On average, equities research analysts anticipate that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, September 15th. Allegion’s payout ratio is currently 28.33%.

Insiders Place Their Bets

In other Allegion news, SVP Timothy P. Eckersley sold 10,810 shares of the company’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the sale, the senior vice president directly owned 30,023 shares of the company’s stock, valued at approximately $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $164.92, for a total transaction of $634,777.08. Following the sale, the senior vice president directly owned 8,773 shares in the company, valued at $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. Insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

ALLE has been the subject of a number of analyst reports. Robert W. Baird boosted their price objective on shares of Allegion from $150.00 to $175.00 and gave the company a “neutral” rating in a report on Friday, July 25th. JPMorgan Chase & Co. began coverage on shares of Allegion in a report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price target for the company. Barclays upped their price target on shares of Allegion from $163.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. The Goldman Sachs Group upped their price target on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a report on Tuesday, September 16th. Finally, Zacks Research cut shares of Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Three investment 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 presently has an average rating of “Hold” and a consensus price target of $174.25.

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.