Lafayette Investments Inc. Sells 4,562 Shares of Allegion PLC $ALLE

Lafayette Investments Inc. reduced its holdings in shares of Allegion PLC (NYSE:ALLE) by 15.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,088 shares of the scientific and technical instruments company’s stock after selling 4,562 shares during the quarter. Lafayette Investments Inc.’s holdings in Allegion were worth $3,835,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Forvis Mazars Wealth Advisors LLC bought a new position in shares of Allegion during the 3rd quarter worth approximately $2,838,000. Fusion Capital LLC bought a new position in shares of Allegion during the 3rd quarter worth approximately $4,406,000. Massachusetts Financial Services Co. MA grew its stake in shares of Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after acquiring an additional 113,821 shares in the last quarter. National Pension Service grew its stake in shares of Allegion by 449.4% in the third quarter. National Pension Service now owns 7,785 shares of the scientific and technical instruments company’s stock valued at $1,381,000 after buying an additional 6,368 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Allegion by 3.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock valued at $30,487,000 after buying an additional 6,220 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Allegion Price Performance

NYSE:ALLE opened at $132.55 on Tuesday. Allegion PLC has a 1-year low of $131.22 and a 1-year high of $183.11. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The firm has a fifty day simple moving average of $144.78 and a 200 day simple moving average of $157.74. The stock has a market capitalization of $11.39 billion, a PE ratio of 18.11, a P/E/G ratio of 2.79 and a beta of 0.89.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts expect that Allegion PLC will post 8.73 EPS for the current fiscal year.

Allegion declared that its board has approved a share buyback program 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 purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Allegion Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s payout ratio is 30.05%.

Insiders Place Their Bets

In other Allegion news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director directly owned 4,915 shares of the company’s stock, valued at $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction on 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 transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 5,393 shares of company stock valued at $774,666 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several analyst reports. Barclays decreased their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings cut shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. decreased their target price on shares of Allegion from $180.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Bank of America decreased their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. One 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $164.00.

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.