Short Interest in Allegion PLC (NYSE:ALLE) Expands By 36.3%

Allegion PLC (NYSE:ALLE) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 3,443,899 shares, a growth of 36.3% from the February 26th total of 2,526,672 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average trading volume of 945,241 shares, the short-interest ratio is presently 3.6 days.

Insider Transactions at Allegion

In other news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on 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 sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sue Main acquired 2,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.23% of the company’s stock.

Institutional Trading of Allegion

Institutional investors and hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its position in Allegion by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock worth $1,563,000 after acquiring an additional 59 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in 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 purchasing an additional 60 shares during the period. Diversify Advisory Services LLC lifted 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 purchasing an additional 60 shares during the last quarter. HM Payson & Co. grew its holdings in shares of Allegion by 2.4% during the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after purchasing an additional 63 shares during the period. Finally, D.A. Davidson & CO. increased its position in shares of Allegion by 4.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock worth $257,000 after purchasing an additional 63 shares during the last quarter. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Allegion Stock Performance

NYSE ALLE traded down $1.68 on Monday, hitting $142.82. 695,865 shares of the company traded hands, compared to its average volume of 905,538. The business’s 50 day moving average price is $159.57 and its 200-day moving average price is $164.62. Allegion has a 52-week low of $116.57 and a 52-week high of $183.11. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 3.13 and a beta of 1.03.

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

Allegion Increases Dividend

The company also recently declared 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. The ex-dividend date is Friday, March 13th. This is an increase from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Allegion’s dividend payout ratio (DPR) is currently 29.57%.

Allegion Company 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.