New York State Teachers Retirement System Has $10.89 Million Stock Holdings in Allegion PLC $ALLE

New York State Teachers Retirement System grew its position in Allegion PLC (NYSE:ALLE) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,572 shares of the scientific and technical instruments company’s stock after purchasing an additional 176 shares during the period. New York State Teachers Retirement System owned about 0.09% of Allegion worth $10,891,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Generali Asset Management SPA SGR acquired a new stake in shares of Allegion in the 2nd quarter valued at $1,887,000. Ritholtz Wealth Management acquired a new position in Allegion during the 2nd quarter worth about $204,000. Sagespring Wealth Partners LLC lifted its position in Allegion by 14.7% during the 2nd quarter. Sagespring Wealth Partners LLC now owns 2,934 shares of the scientific and technical instruments company’s stock worth $423,000 after buying an additional 377 shares in the last quarter. Boston Trust Walden Corp lifted its position in Allegion by 9.9% during the 2nd quarter. Boston Trust Walden Corp now owns 668,432 shares of the scientific and technical instruments company’s stock worth $96,334,000 after buying an additional 60,412 shares in the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in Allegion by 8.0% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,569 shares of the scientific and technical instruments company’s stock worth $370,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of NYSE:ALLE opened at $177.57 on Friday. The stock has a market capitalization of $15.24 billion, a P/E ratio of 24.66, a P/E/G ratio of 3.81 and a beta of 1.07. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $180.34. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $173.28 and a two-hundred day moving average price of $153.07.

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

Allegion Dividend Announcement

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

Insider Transactions at Allegion

In other news, SVP Tracy L. Kemp sold 3,849 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $164.92, for a total value of $634,777.08. Following the completion of the sale, the senior vice president directly owned 8,773 shares of the company’s stock, valued at $1,446,843.16. This represents a 30.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy P. Eckersley sold 10,810 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $164.76, for a total value of $1,781,055.60. Following the completion of the sale, the senior vice president directly owned 30,023 shares of the company’s stock, valued at approximately $4,946,589.48. This trade represents a 26.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on ALLE. Barclays upped their price target on shares of Allegion from $163.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. Morgan Stanley upped their price target on shares of Allegion from $139.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Wells Fargo & Company upped their price target on shares of Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Monday, October 6th. Finally, The Goldman Sachs Group upped their price target on shares of Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. 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, Allegion presently has a consensus rating of “Hold” and a consensus target price of $174.25.

About Allegion

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.