Axa S.A. Buys 23,734 Shares of Allegion PLC $ALLE

Axa S.A. lifted its stake in Allegion PLC (NYSE:ALLE) by 6.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,364 shares of the scientific and technical instruments company’s stock after purchasing an additional 23,734 shares during the quarter. Axa S.A.’s holdings in Allegion were worth $52,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC purchased a new stake in shares of Allegion during the second quarter valued at approximately $32,000. Spire Wealth Management raised its holdings in Allegion by 78.0% in the 2nd quarter. Spire Wealth Management now owns 235 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 103 shares during the last quarter. National Pension Service lifted its position in 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 in the last quarter. Zions Bancorporation National Association UT purchased a new stake in Allegion during the 1st quarter valued at $44,000. Finally, Gladwyn Financial Advisors Inc. bought a new stake in shares of Allegion in the 2nd quarter worth $50,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Allegion from $175.00 to $185.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. The Goldman Sachs Group boosted their target price on Allegion from $176.00 to $198.00 and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Zacks Research downgraded shares of Allegion from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 28th. Robert W. Baird lifted their price target on shares of Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 21st. Finally, Barclays increased their price objective on shares of Allegion from $185.00 to $187.00 and gave the company an “equal weight” rating in a research report on Friday, October 24th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $176.38.

Allegion Trading Down 0.8%

Allegion stock opened at $157.67 on Wednesday. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $180.68. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 3.10 and a beta of 1.03. The firm has a 50 day moving average of $168.40 and a 200 day moving average of $161.63. The company has a current ratio of 1.77, a quick ratio of 1.11 and a debt-to-equity ratio of 1.06.

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

Allegion Dividend Announcement

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

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.