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Allegion Public said on February 9, 2023 that its board of directors declared a regular
quarterly dividend of $0.45 per share ($1.80 annualized).
Shareholders of record as of March 14, 2023
will receive the payment on March 31, 2023.
Previously, the company paid $0.41 per share.
At the current share price of $118.58 / share,
the stock’s dividend yield is 1.52%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.18%,
the lowest has been 0.82%,
and the highest has been 1.82%.
The standard deviation of yields is 0.22 (n=235).
The current dividend yield is
1.58 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.33.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.28%,
demonstrating that it has increased its dividend over time.
Analyst Price Forecast Suggests 4.51% Upside
As of February 10, 2023,
the average one-year price target for Allegion Public is $123.93.
The forecasts range from a low of $95.95 to a high of $138.60.
The average price target represents an increase of 4.51% from its latest reported closing price of $118.58.
The projected annual revenue for Allegion Public
is $3,569MM, an increase of 14.41%.
The projected annual EPS
is $6.16, an increase of 24.92%.
What is the Fund Sentiment?
There are 1061 funds or institutions reporting positions in Allegion Public.
This is a decrease
of
8
owner(s) or 0.75% in the last quarter.
Average portfolio weight of all funds dedicated to ALLE is 0.12%,
an increase
of 2.14%.
Total shares owned by institutions decreased
in the last three months by 0.26% to 90,128K shares.
The put/call ratio of ALLE is 1.62, indicating a
bearish
outlook.
What are large shareholders doing?
APG Asset Management N.V.
holds 5,404K shares
representing 6.15% ownership of the company.
In it’s prior filing, the firm reported owning 5,404K shares, representing
an increase
of 0.01%.
The firm
increased
its portfolio allocation in ALLE by 7.60% over the last quarter.
Boston Partners
holds 4,035K shares
representing 4.59% ownership of the company.
In it’s prior filing, the firm reported owning 3,807K shares, representing
an increase
of 5.65%.
The firm
decreased
its portfolio allocation in ALLE by 53.85% over the last quarter.
Kayne Anderson Rudnick Investment Management
holds 2,955K shares
representing 3.36% ownership of the company.
In it’s prior filing, the firm reported owning 3,007K shares, representing
a decrease
of 1.77%.
The firm
decreased
its portfolio allocation in ALLE by 5.42% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 2,618K shares
representing 2.98% ownership of the company.
In it’s prior filing, the firm reported owning 2,586K shares, representing
an increase
of 1.23%.
The firm
decreased
its portfolio allocation in ALLE by 3.33% over the last quarter.
Pictet Asset Management
holds 2,593K shares
representing 2.95% ownership of the company.
In it’s prior filing, the firm reported owning 2,925K shares, representing
a decrease
of 12.78%.
The firm
decreased
its portfolio allocation in ALLE by 13.35% over the last quarter.
Allegion Background Information
(This description is provided by the company.)
Allegion is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.9 billion in revenue in 2019 and sells products in almost 130 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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