Pictet Asset Management Holding SA Has $16.86 Million Stake in Allegion PLC $ALLE

Pictet Asset Management Holding SA trimmed its holdings in Allegion PLC (NYSE:ALLE) by 15.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,069 shares of the scientific and technical instruments company’s stock after selling 20,742 shares during the period. Pictet Asset Management Holding SA’s holdings in Allegion were worth $16,863,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its stake 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 valued at $25,000 after acquiring an additional 115 shares during the period. CYBER HORNET ETFs LLC bought a new position in Allegion during the second quarter worth $33,000. Hantz Financial Services Inc. increased its holdings in shares of Allegion by 45.9% in the fourth 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 during the last quarter. Bard Associates Inc. acquired a new position in shares of Allegion in the fourth quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Allegion in the third quarter valued at about $36,000. 92.21% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction that occurred 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. The trade was a 31.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.64% of the company’s stock.

Allegion Price Performance

Allegion stock opened at $140.72 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The stock has a market capitalization of $12.09 billion, a P/E ratio of 19.22, a price-to-earnings-growth ratio of 2.91 and a beta of 0.85. The stock has a fifty day moving average of $133.89 and a 200-day moving average of $149.07.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share 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 period last year, the business earned $1.86 earnings per share. The business’s quarterly revenue 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, sell-side analysts expect that Allegion PLC will post 8.73 earnings per share for the current fiscal year.

Allegion declared that its Board of Directors has approved a stock buyback plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, June 15th. Allegion’s dividend payout ratio (DPR) is presently 30.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALLE shares. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Bank of America reduced their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Evercore raised Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Finally, Barclays lowered their target price on Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Allegion has an average rating of “Hold” and an average price target of $160.89.

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.