Park Avenue Securities LLC Has $2.60 Million Stake in Allegion PLC $ALLE

Park Avenue Securities LLC increased its stake in Allegion PLC (NYSE:ALLE) by 43.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,653 shares of the scientific and technical instruments company’s stock after purchasing an additional 4,420 shares during the quarter. Park Avenue Securities LLC’s holdings in Allegion were worth $2,599,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new position in shares of Allegion in the second quarter valued at approximately $32,000. CYBER HORNET ETFs LLC acquired a new position in Allegion in the 2nd quarter valued at $33,000. Spire Wealth Management grew its stake 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 valued at $34,000 after buying an additional 103 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Allegion in the 2nd quarter worth $37,000. Finally, Gladwyn Financial Advisors Inc. acquired a new position in Allegion during the 2nd quarter worth $50,000. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of ALLE stock opened at $162.66 on Friday. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $180.68. The company has a market capitalization of $13.99 billion, a P/E ratio of 22.01, a P/E/G ratio of 2.95 and a beta of 1.04. The stock has a 50 day moving average of $162.43 and a two-hundred day moving average of $164.95. 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 released its quarterly earnings data on Thursday, October 23rd. The scientific and technical instruments company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Allegion had a return on equity of 40.83% and a net margin of 16.09%.Allegion’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the previous 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, equities analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th were paid a $0.51 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.3%. Allegion’s dividend payout ratio is currently 27.60%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ALLE shares. Robert W. Baird raised their price target on Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Barclays cut their price target on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group boosted their target price 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 research 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 company currently has a consensus rating of “Hold” and a consensus target price of $174.25.

About Allegion

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.