Lido Advisors LLC increased its stake in shares of Allegion PLC (NYSE:ALLE – Free Report) by 107.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,595 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,412 shares during the quarter. Lido Advisors LLC’s holdings in Allegion were worth $958,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of 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 valued at $1,563,000 after purchasing an additional 59 shares during the period. Diversify Advisory Services LLC grew its stake 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 buying an additional 60 shares during the period. D.A. Davidson & CO. increased its position 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 buying an additional 63 shares in the last quarter. Banque de Luxembourg S.A. raised its stake in Allegion by 0.3% during the 4th quarter. Banque de Luxembourg S.A. now owns 22,294 shares of the scientific and technical instruments company’s stock worth $3,550,000 after buying an additional 65 shares during the period. Finally, Hantz Financial Services Inc. raised its stake in Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have commented on ALLE. Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Barclays lowered their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 29th. Morgan Stanley reduced their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. Evercore upgraded shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $164.75.
Allegion Stock Up 1.8%
ALLE opened at $161.01 on Wednesday. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The firm has a market capitalization of $13.69 billion, a P/E ratio of 21.13, a PEG ratio of 3.22 and a beta of 0.85. The company’s 50-day moving average is $136.10 and its 200 day moving average is $146.70. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23.
Allegion (NYSE:ALLE – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm posted $2.04 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts expect that Allegion PLC will post 8.92 earnings per share for the current fiscal year.
Allegion declared that its Board of Directors has authorized a share buyback program on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
Insider Activity
In other Allegion news, CAO Nickolas A. Musial sold 687 shares of the business’s stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer owned 6,798 shares of the company’s stock, valued at approximately $1,053,690. The trade was a 9.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Michael J. Wagnes sold 3,184 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the transaction, the chief financial officer owned 31,299 shares of the company’s stock, valued at $4,725,523.02. This trade represents a 9.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,864 shares of company stock valued at $1,134,845 over the last three months. 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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