Kingdom Financial Group LLC. bought a new position in shares of Allegion PLC (NYSE:ALLE – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,010 shares of the scientific and technical instruments company’s stock, valued at approximately $638,000.
A number of other hedge funds have also made changes to their positions in the company. Boston Partners increased its position in Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock valued at $842,026,000 after acquiring an additional 48,199 shares in the last quarter. State Street Corp grew its position in shares of Allegion by 6.6% during the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after buying an additional 260,973 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Allegion by 10.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock valued at $412,876,000 after purchasing an additional 236,248 shares during the period. Northern Trust Corp grew its holdings in Allegion by 4.5% during the third quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock valued at $214,605,000 after purchasing an additional 52,612 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Allegion by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock valued at $167,104,000 after buying an additional 67,074 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.
Allegion News Summary
Here are the key news stories impacting Allegion this week:
- Positive Sentiment: Zacks Research raised its earnings estimates across multiple periods for Allegion, including FY2026 to $8.72 EPS, FY2027 to $9.20 EPS, and FY2028 to $10.01 EPS, suggesting stronger long-term profit growth expectations.
- Positive Sentiment: Near-term quarterly estimates were also nudged higher, including Q2 2026 to $2.23 EPS, Q3 2026 to $2.45 EPS, and Q4 2026 to $2.24 EPS, which may reinforce confidence in operating momentum.
- Positive Sentiment: Several future quarters were revised up as well, including Q1 2027, Q2 2027, Q3 2027, Q4 2027, and Q1 2028, indicating analysts see continued earnings expansion ahead.
- Neutral Sentiment: The revisions came from a single research firm and were relatively small in most cases, so the news is supportive but not a major catalyst on its own.
- Negative Sentiment: Despite the improved outlook, Allegion’s current-year consensus EPS remains essentially in line with the latest estimate, so the market may see limited upside unless future earnings reports confirm the upgrade trend.
Analyst Upgrades and Downgrades
Allegion Stock Up 1.1%
ALLE stock opened at $130.67 on Friday. The stock has a market capitalization of $11.23 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 2.69 and a beta of 0.89. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11. The firm has a 50-day moving average price of $140.66 and a 200-day moving average price of $155.50.
Allegion (NYSE:ALLE – Get Free Report) last posted its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.The firm’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts anticipate that Allegion PLC will post 8.74 EPS for the current fiscal year.
Allegion Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is 30.05%.
Allegion announced that its board has authorized a share repurchase plan on Tuesday, April 28th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
Insider Buying and Selling
In related news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the transaction, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. This trade represents a 31.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sue Main bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at approximately $299,220. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 0.64% of the stock is owned by company insiders.
Allegion 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.
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