Yousif Capital Management LLC Lowers Stake in Allegion PLC $ALLE

Yousif Capital Management LLC reduced its position in shares of Allegion PLC (NYSE:ALLE) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,997 shares of the scientific and technical instruments company’s stock after selling 218 shares during the quarter. Yousif Capital Management LLC’s holdings in Allegion were worth $1,585,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. boosted its stake in shares of Allegion by 1.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,180 shares of the scientific and technical instruments company’s stock worth $545,000 after acquiring an additional 73 shares in the last quarter. Whittier Trust Co. boosted its stake in shares of Allegion by 16.6% during the 1st quarter. Whittier Trust Co. now owns 576 shares of the scientific and technical instruments company’s stock worth $75,000 after acquiring an additional 82 shares in the last quarter. DMC Group LLC boosted its stake in shares of Allegion by 2.2% during the 1st quarter. DMC Group LLC now owns 3,953 shares of the scientific and technical instruments company’s stock worth $516,000 after acquiring an additional 85 shares in the last quarter. Ethic Inc. boosted its stake in shares of Allegion by 1.2% during the 1st quarter. Ethic Inc. now owns 7,514 shares of the scientific and technical instruments company’s stock worth $984,000 after acquiring an additional 87 shares in the last quarter. Finally, Rovin Capital UT ADV boosted its stake in shares of Allegion by 2.3% during the 1st quarter. Rovin Capital UT ADV now owns 4,215 shares of the scientific and technical instruments company’s stock worth $550,000 after acquiring an additional 96 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALLE has been the topic of several recent analyst reports. JPMorgan Chase & Co. began coverage on shares of Allegion in a research note on Tuesday, June 24th. They set an “overweight” rating and a $170.00 target price on the stock. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 28th. 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. Bank of America upgraded shares of Allegion from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $175.00 in a research report on Tuesday, July 29th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Allegion currently has a consensus rating of “Hold” and a consensus price target of $174.25.

Allegion Stock Up 0.0%

ALLE stock opened at $177.57 on Monday. The company has a market cap of $15.24 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.83 and a beta of 1.07. The company has a current ratio of 2.30, a quick ratio of 1.64 and a debt-to-equity ratio of 1.14. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $180.34. The firm has a 50-day moving average of $173.28 and a two-hundred day moving average of $153.25.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $2.04 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 16.15% and a return on equity of 42.62%. Allegion’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. Allegion has set its FY 2025 guidance at 8.000-8.150 EPS. As a group, analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Announces Dividend

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

Insider Transactions at Allegion

In other Allegion news, SVP Tracy L. Kemp sold 3,849 shares of the stock in a transaction dated Friday, July 25th. The shares were 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 owned 8,773 shares in the company, valued at approximately $1,446,843.16. This represents a 30.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Timothy P. Eckersley sold 10,810 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president owned 30,023 shares of the company’s stock, valued at approximately $4,946,589.48. The trade was a 26.47% decrease in their position. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.

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.