Vanguard Personalized Indexing Management LLC Has $916,000 Stock Holdings in Allegion PLC $ALLE

Vanguard Personalized Indexing Management LLC increased its position in shares of Allegion PLC (NYSE:ALLE) by 31.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 6,353 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,512 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Allegion were worth $916,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALLE. Sound Income Strategies LLC bought a new stake in Allegion in the second quarter valued at about $32,000. Wayfinding Financial LLC bought a new stake in Allegion in the first quarter valued at about $30,000. Garde Capital Inc. bought a new stake in Allegion in the first quarter valued at about $36,000. Cary Street Partners Investment Advisory LLC increased its holdings in Allegion by 91.7% in 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 last quarter. Finally, National Pension Service increased its holdings in Allegion by 75.0% in 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 last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Up 0.0%

Shares of Allegion stock opened at $177.57 on Monday. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $180.34. The business has a 50-day moving average of $173.28 and a two-hundred day moving average of $153.25. The company has a market capitalization of $15.24 billion, a P/E ratio of 24.66, a price-to-earnings-growth ratio of 3.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.30 and a quick ratio of 1.64.

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

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 1.1%. The ex-dividend date of this dividend was Monday, September 15th. Allegion’s dividend payout ratio is currently 28.33%.

Analyst Ratings Changes

ALLE has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a report on Wednesday, October 8th. JPMorgan Chase & Co. initiated coverage on Allegion in a report on Tuesday, June 24th. They issued an “overweight” rating and a $170.00 price objective for the company. Barclays upped their price objective on Allegion from $163.00 to $185.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Finally, Bank of America upgraded Allegion from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $175.00 in a report on Tuesday, July 29th. 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 MarketBeat, Allegion presently has a consensus rating of “Hold” and an average target price of $174.25.

Insider Activity

In other news, SVP Timothy P. Eckersley sold 10,810 shares of the company’s stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $164.76, for a total transaction of $1,781,055.60. Following the completion of the transaction, the senior vice president directly owned 30,023 shares of the company’s stock, valued at $4,946,589.48. This represents a 26.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

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.