4,759 Shares in Allegion PLC $ALLE Purchased by USA Financial Formulas

USA Financial Formulas purchased a new position in Allegion PLC (NYSE:ALLE) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,759 shares of the scientific and technical instruments company’s stock, valued at approximately $844,000.

Other large investors also recently made changes to their positions in the company. Franklin Street Advisors Inc. NC bought a new stake in shares of Allegion in the 3rd quarter worth approximately $226,000. Patriot Financial Group Insurance Agency LLC grew its position in Allegion by 8.7% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,380 shares of the scientific and technical instruments company’s stock worth $777,000 after buying an additional 349 shares during the last quarter. Wedmont Private Capital bought a new position in shares of Allegion in the third quarter valued at $248,000. Czech National Bank lifted its position in shares of Allegion by 3.7% during the 3rd quarter. Czech National Bank now owns 21,804 shares of the scientific and technical instruments company’s stock valued at $3,867,000 after acquiring an additional 771 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its stake in shares of Allegion by 14.8% during the 3rd quarter. Heritage Family Offices LLP now owns 7,367 shares of the scientific and technical instruments company’s stock worth $1,307,000 after acquiring an additional 947 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

NYSE ALLE opened at $159.88 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.77 and a quick ratio of 1.11. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 3.13 and a beta of 1.03. The company has a 50 day simple moving average of $165.92 and a 200-day simple moving average of $162.57. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $180.68.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share 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 for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the business earned $2.16 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. Equities research analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, December 16th. Allegion’s dividend payout ratio (DPR) is currently 27.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ALLE shares. Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research report on Tuesday. Zacks Research downgraded Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Robert W. Baird raised their target price on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a report on Tuesday, October 21st. Barclays boosted their price target on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group lifted their price objective 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 investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.13.

Allegion 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.