AXQ Capital LP acquired a new position in shares of Allegion PLC (NYSE:ALLE – Free Report) during the fourth quarter, HoldingsChannel reports. The firm acquired 5,639 shares of the scientific and technical instruments company’s stock, valued at approximately $898,000.
Other large investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its position in Allegion by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after acquiring an additional 59 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in shares of Allegion by 2.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after purchasing an additional 60 shares during the period. D.A. Davidson & CO. lifted its stake in Allegion by 4.1% in the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock valued at $257,000 after purchasing an additional 63 shares during the last quarter. Banque de Luxembourg S.A. lifted its stake in Allegion by 0.3% in the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock valued at $3,550,000 after purchasing an additional 65 shares during the last quarter. Finally, Syon Capital LLC grew its holdings in Allegion by 3.3% during the third quarter. Syon Capital LLC now owns 2,085 shares of the scientific and technical instruments company’s stock worth $370,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on ALLE shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Wells Fargo & Company dropped their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Evercore raised Allegion to a “strong-buy” rating in a report on Monday, April 13th. Barclays decreased their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird set a $165.00 price objective on shares of Allegion in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allegion presently has an average rating of “Hold” and an average price target of $161.50.
Allegion Trading Down 0.2%
Shares of Allegion stock opened at $129.89 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The firm has a 50-day moving average of $138.62 and a 200-day moving average of $153.76. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The stock has a market cap of $11.16 billion, a PE ratio of 17.74, a PEG ratio of 2.70 and a beta of 0.86.
Allegion (NYSE:ALLE – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.08). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.Allegion’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts forecast that Allegion PLC will post 8.74 EPS for the current year.
Allegion Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s payout ratio is 30.05%.
Allegion declared that its board has approved a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling
In related news, Director Sue Main bought 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the acquisition, the director owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was 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. The trade was a 31.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.
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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