Regency Capital Management Inc. DE Purchases 4,632 Shares of Allegion PLC $ALLE

Regency Capital Management Inc. DE lifted its position in Allegion PLC (NYSE:ALLE) by 27.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,794 shares of the scientific and technical instruments company’s stock after buying an additional 4,632 shares during the quarter. Allegion comprises approximately 1.8% of Regency Capital Management Inc. DE’s holdings, making the stock its 20th largest position. Regency Capital Management Inc. DE’s holdings in Allegion were worth $3,865,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC bought a new stake in Allegion during the 2nd quarter valued at approximately $244,000. Berkshire Hathaway Inc acquired a new position in shares of Allegion during the second quarter worth approximately $112,433,000. Burney Co. acquired a new position in shares of Allegion during the third quarter worth approximately $9,297,000. Los Angeles Capital Management LLC boosted its position in shares of Allegion by 48.6% in the second quarter. Los Angeles Capital Management LLC now owns 180,750 shares of the scientific and technical instruments company’s stock valued at $26,050,000 after acquiring an additional 59,144 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Allegion by 9.6% in the second quarter. Janney Montgomery Scott LLC now owns 71,087 shares of the scientific and technical instruments company’s stock worth $10,245,000 after acquiring an additional 6,247 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Allegion Trading Down 1.1%

ALLE stock opened at $159.37 on Thursday. The business has a fifty day moving average of $163.33 and a 200-day moving average of $163.82. The company has a market cap of $13.71 billion, a P/E ratio of 21.57, a PEG ratio of 3.15 and a beta of 1.03. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $180.68. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06.

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, 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 firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the firm earned $2.16 earnings per share. The business’s quarterly 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, equities research analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were issued a $0.51 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.3%. Allegion’s dividend payout ratio (DPR) is 27.60%.

Allegion Company 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.