Natixis Advisors LLC Buys 4,269 Shares of Allegion PLC $ALLE

Natixis Advisors LLC raised its stake in Allegion PLC (NYSE:ALLEFree Report) by 6.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 66,472 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,269 shares during the period. Natixis Advisors LLC’s holdings in Allegion were worth $10,583,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ALLE. Norges Bank bought a new position in Allegion in the fourth quarter valued at approximately $131,523,000. Millennium Management LLC lifted its stake in Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after buying an additional 274,800 shares in the last quarter. State Street Corp lifted its stake in Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock valued at $750,584,000 after buying an additional 260,973 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Allegion by 10.0% in 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 buying an additional 236,248 shares in the last quarter. Finally, Caisse de depot et placement du Quebec lifted its stake in Allegion by 188.2% in the third quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company’s stock valued at $51,389,000 after buying an additional 189,236 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 0.4%

Shares of ALLE stock opened at $129.83 on Friday. 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 1 year low of $125.00 and a 1 year high of $183.11. The firm’s fifty day moving average price is $137.43 and its two-hundred day moving average price is $152.87. The firm has a market capitalization of $11.16 billion, a P/E ratio of 17.74, a PEG ratio of 2.71 and a beta of 0.86.

Allegion (NYSE:ALLEGet Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts predict that Allegion PLC will post 8.73 EPS for the current fiscal year.

Allegion announced that its board has initiated a stock buyback program on Tuesday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Allegion Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s dividend payout ratio is 30.05%.

Insider Buying and Selling at Allegion

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately $299,220. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.64% of the company’s stock.

Analyst Ratings Changes

ALLE has been the topic of a number of research reports. Wells Fargo & Company cut 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, April 1st. Morgan Stanley cut their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Robert W. Baird set a $165.00 price target on shares of Allegion in a research note on Wednesday, April 29th. Barclays lowered their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $160.38.

View Our Latest Research Report on Allegion

Allegion Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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