Allegion PLC (NYSE:ALLE) Short Interest Update

Allegion PLC (NYSE:ALLE) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 2,378,302 shares, a decrease of 23.4% from the December 15th total of 3,102,811 shares. Currently, 2.8% of the shares of the stock are short sold. Based on an average trading volume of 772,218 shares, the short-interest ratio is currently 3.1 days. Based on an average trading volume of 772,218 shares, the short-interest ratio is currently 3.1 days. Currently, 2.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays reduced their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 7th. Robert W. Baird lifted their price target on Allegion from $175.00 to $190.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Allegion in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $174.25.

Allegion Trading Up 1.1%

ALLE stock traded up $1.78 during midday trading on Monday, reaching $165.27. The company’s stock had a trading volume of 987,670 shares, compared to its average volume of 710,364. Allegion has a 1 year low of $116.57 and a 1 year high of $180.68. The firm has a market capitalization of $14.22 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 3.01 and a beta of 1.04. The stock has a fifty day simple moving average of $162.13 and a two-hundred day simple moving average of $165.71. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.11 and a current ratio of 1.77.

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

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued 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 1.2%. Allegion’s payout ratio is presently 27.60%.

Institutional Investors Weigh In On Allegion

Institutional investors and hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC acquired a new position in shares of Allegion in the second quarter valued at about $244,000. Burney Co. acquired a new stake in Allegion during the 3rd quarter valued at approximately $9,297,000. Berkshire Hathaway Inc purchased a new stake in shares of Allegion in the 2nd quarter valued at $112,433,000. Los Angeles Capital Management LLC boosted its holdings in Allegion by 48.6% during the second quarter. Los Angeles Capital Management LLC now owns 180,750 shares of the scientific and technical instruments company’s stock worth $26,050,000 after buying an additional 59,144 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in 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 buying an additional 6,247 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Company Profile

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.