Quantinno Capital Management LP Acquires 46,629 Shares of Allegion PLC $ALLE

Quantinno Capital Management LP increased its holdings in Allegion PLC (NYSE:ALLEFree Report) by 31.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 193,108 shares of the scientific and technical instruments company’s stock after acquiring an additional 46,629 shares during the quarter. Quantinno Capital Management LP’s holdings in Allegion were worth $28,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ALLE. Pinnacle Bancorp Inc. raised its holdings in Allegion by 255.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion in the 2nd quarter worth about $33,000. Hantz Financial Services Inc. boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 68 shares in the last quarter. Bard Associates Inc. purchased a new position in shares of Allegion during the fourth quarter valued at about $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Allegion during the third quarter valued at about $36,000. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Up 0.4%

Shares of Allegion stock opened at $157.66 on Friday. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.19 and a beta of 0.85. The company has a 50-day moving average of $137.75 and a 200 day moving average of $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:ALLEGet Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.22 by $0.18. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. Allegion’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, sell-side analysts anticipate 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 stock repurchase plan on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

ALLE has been the subject of several research analyst reports. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a report on Thursday, June 11th. Morgan Stanley reduced their target price on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. JPMorgan Chase & Co. increased their target price on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Allegion currently has an average rating of “Hold” and an average price target of $164.75.

Get Our Latest Stock Report on ALLE

Insider Buying and Selling

In other Allegion news, CFO Michael J. Wagnes sold 3,184 shares of Allegion stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the transaction, the chief financial officer owned 31,299 shares in the company, valued at approximately $4,725,523.02. The trade was a 9.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Nickolas A. Musial sold 687 shares of Allegion stock in a transaction on Thursday, July 23rd. The shares were 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 $1,053,690. The trade was a 9.18% 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. In the last 90 days, insiders sold 14,281 shares of company stock valued at $2,143,983. 0.64% of the stock is owned by company insiders.

About Allegion

(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.

See Also

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Institutional Ownership by Quarter for Allegion (NYSE:ALLE)

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