ALLE Allegion PLC

Allegion plc's stock has seen a steady uptrend over the past three months, approaching its 52-week peak due to firm fundamentals and easing macro headwinds. Despite the quiet ascent, Wall Street analysts maintain a constructive outlook, with price targets suggesting further upside, driven by the company's strong execution in non-residential construction and growing software and services offerings. Investors are keenly watching for the next earnings report to potentially trigger a significant breakout, as the company solidifies its position in connected security solutions.

Boston Trust Walden Corp significantly reduced its stake in Allegion PLC (NYSE:ALLE) by 19.8% during the 3rd quarter, selling 132,500 shares. This reduction brings their total holdings to 535,932 shares worth approximately $95 million. Despite this, other institutions have increased their positions, and analysts maintain a "Hold" consensus rating with an average target price of $175.13 for Allegion.

Allegion PLC (NYSE:ALLE) has received a consensus "Hold" rating from ten brokerages, with an average one-year price target of $175.13. The company recently reported strong quarterly earnings, beating expectations with $2.30 EPS and a 10.7% revenue increase, and issued positive FY2025 guidance. Institutional investors hold a significant 92.21% stake in the security products and solutions provider.

Burney Co. has made a new investment in Allegion PLC (NYSE:ALLE), purchasing over 52,000 shares valued at approximately $9.30 million. This investment comes as institutional ownership of Allegion stands at 92.21%, with several other large institutions also increasing their stakes. Allegion has a consensus "Hold" rating from analysts with an average price target of $175.13, and the company recently beat Q3 EPS expectations and declared a quarterly dividend.

Allegion Plc currently has a P/E ratio of 21.6x, which is higher than the average P/E of 19x for companies in the United States, suggesting it might be considered overvalued. Despite recent earnings growth of 13% over the last year and 51% over three years, analysts are forecasting future EPS growth of 11% per year, which is similar to the broader market's 12% growth. This discrepancy between a high P/E and a market-matching growth outlook suggests that the stock's price might be at risk of declining.

Vontobel Holding Ltd. significantly increased its stake in Allegion PLC by 3,264.6% in the third quarter, purchasing 46,194 additional shares to bring its total holding to 47,609 shares valued at approximately $8.44 million. Allegion reported strong Q3 earnings, beating analyst expectations with $2.30 EPS and $1.07 billion in revenue, and has issued positive FY2025 guidance. The company currently holds an average analyst rating of "Hold" with a target price of $175.13 and declared a $0.51 quarterly dividend.