JB Capital LLC Makes New Investment in Allegion PLC $ALLE

JB Capital LLC acquired a new stake in Allegion PLC (NYSE:ALLE) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,694 shares of the scientific and technical instruments company’s stock, valued at approximately $2,658,000.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Allegion by 16.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after acquiring an additional 60 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Allegion by 2.7% during the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after acquiring an additional 60 shares during the period. HM Payson & Co. lifted its holdings in Allegion by 2.4% during the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after acquiring an additional 63 shares during the period. Fulton Bank N.A. boosted its position in Allegion by 4.5% in the third quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after purchasing an additional 66 shares during the last quarter. Finally, Rovin Capital UT ADV boosted its position in Allegion by 1.6% in the third quarter. Rovin Capital UT ADV now owns 4,207 shares of the scientific and technical instruments company’s stock worth $746,000 after purchasing an additional 66 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the sale, the director directly owned 4,915 shares in the company, valued at approximately $793,821.65. The trade was a 16.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sue Main acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $299,220. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

ALLE has been the subject of several research analyst reports. Barclays decreased their target price on Allegion from $176.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. JPMorgan Chase & Co. decreased their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. 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 research report on Wednesday. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, Allegion presently has an average rating of “Hold” and a consensus price target of $171.13.

Allegion Price Performance

NYSE ALLE opened at $141.16 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The company has a market cap of $12.16 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11. The firm’s 50-day simple moving average is $157.76 and its two-hundred day simple moving average is $163.77.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Allegion’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts predict that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s payout ratio is presently 29.57%.

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.