Neuberger Berman Group LLC Has $4.96 Million Holdings in Allegion PLC $ALLE

Neuberger Berman Group LLC increased its position in shares of Allegion PLC (NYSE:ALLE) by 14.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,986 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,559 shares during the quarter. Neuberger Berman Group LLC’s holdings in Allegion were worth $4,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Allegion by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock valued at $1,251,000 after acquiring an additional 626 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Allegion by 35.3% during the 1st quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock worth $427,000 after purchasing an additional 854 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Allegion by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock worth $213,000 after purchasing an additional 499 shares during the period. Empowered Funds LLC increased its holdings in shares of Allegion by 13.0% during the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock worth $740,000 after purchasing an additional 651 shares during the period. Finally, Focus Partners Wealth raised its position in shares of Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $937,000 after buying an additional 4,826 shares in the last quarter. Institutional investors own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other news, Director Steven Mizell sold 1,000 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Allegion Stock Down 1.1%

NYSE ALLE opened at $150.52 on Friday. The business has a fifty day moving average price of $164.82 and a two-hundred day moving average price of $167.48. The stock has a market capitalization of $12.97 billion, a PE ratio of 20.23, a PEG ratio of 3.25 and a beta of 1.03. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $183.11. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16.

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

Allegion Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.55 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 13th. Allegion’s dividend payout ratio (DPR) is presently 27.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ALLE. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. JPMorgan Chase & Co. cut their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Finally, Barclays decreased their price target on Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.00.

About Allegion

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.