Vontobel Holding Ltd. Has $8.44 Million Position in Allegion PLC $ALLE

by · The Markets Daily

Vontobel Holding Ltd. increased its stake in shares of Allegion PLC (NYSE:ALLE – Free Report) by 3,264.6% during the 3rd quarter, Holdings Channel reports. The fund owned 47,609 shares of the scientific and technical instruments company’s stock after acquiring an additional 46,194 shares during the period. Vontobel Holding Ltd.’s holdings in Allegion were worth $8,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ballentine Partners LLC bought a new stake in Allegion in the 2nd quarter worth about $244,000. Berkshire Hathaway Inc purchased a new position in shares of Allegion in the 2nd quarter worth approximately $112,433,000. Los Angeles Capital Management LLC grew its holdings in shares of Allegion by 48.6% in the second quarter. Los Angeles Capital Management LLC now owns 180,750 shares of the scientific and technical instruments company’s stock valued at $26,050,000 after acquiring an additional 59,144 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Allegion by 9.6% in the second quarter. Janney Montgomery Scott LLC now owns 71,087 shares of the scientific and technical instruments company’s stock valued at $10,245,000 after acquiring an additional 6,247 shares in the last quarter. Finally, Grimes & Company Inc. purchased a new stake in shares of Allegion during the second quarter valued at approximately $210,000. 92.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on ALLE. Zacks Research lowered 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 Allegion from $175.00 to $190.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. The Goldman Sachs Group increased their price target on shares of Allegion from $176.00 to $198.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Barclays raised their price objective on shares of Allegion from $185.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $175.13.

Get Our Latest Stock Report on ALLE

Allegion Stock Up 0.1%

Shares of NYSE ALLE opened at $160.85 on Thursday. 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 stock has a market capitalization of $13.84 billion, a PE ratio of 21.77, a P/E/G ratio of 3.14 and a beta of 1.03. Allegion PLC has a one year low of $116.57 and a one year high of $180.68. The business’s fifty day moving average price is $165.02 and its 200-day moving average price is $163.03.

Allegion (NYSE:ALLE – Get Free Report) last announced its quarterly earnings data 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. Allegion had a return on equity of 40.83% and a net margin of 16.09%.The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Allegion has set its FY 2025 guidance at 8.100-8.200 EPS. On average, equities research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.51 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.3%. Allegion’s payout ratio is 27.60%.

Allegion Company Profile

(Free Report)

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.

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