Groupe la Francaise Raises Stock Holdings in Allegion PLC $ALLE

Groupe la Francaise lifted its holdings in Allegion PLC (NYSE:ALLE) by 20.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,820 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,594 shares during the quarter. Groupe la Francaise’s holdings in Allegion were worth $3,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ALLE. Sound Income Strategies LLC bought a new position in Allegion during the second quarter valued at $32,000. Spire Wealth Management raised its position in shares of Allegion by 78.0% during the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock valued at $34,000 after buying an additional 103 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Allegion by 91.7% in the 1st 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 acquiring an additional 143 shares during the last quarter. National Pension Service lifted its holdings in shares of Allegion by 75.0% in the 1st quarter. National Pension Service now owns 322 shares of the scientific and technical instruments company’s stock valued at $42,000 after acquiring an additional 138 shares during the last quarter. Finally, Zions Bancorporation National Association UT purchased a new position in Allegion in the first quarter worth about $44,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of Allegion stock opened at $164.10 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.77 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average is $169.68 and its two-hundred day moving average is $161.03. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $180.68. The company has a market capitalization of $14.12 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 3.21 and a beta of 1.03.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.09. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period last year, the company earned $2.16 earnings per share. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. As a group, analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Robert W. Baird upped their price objective on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Zacks Research lowered Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. 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 note on Tuesday, September 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their target price on shares of Allegion from $175.00 to $185.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $176.38.

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.