Allegion PLC $ALLE Stock Position Increased by Regents Gate Capital LLP

Regents Gate Capital LLP lifted its stake in Allegion PLC (NYSE:ALLE) by 291.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,622 shares of the scientific and technical instruments company’s stock after acquiring an additional 123,343 shares during the quarter. Allegion accounts for about 5.1% of Regents Gate Capital LLP’s investment portfolio, making the stock its 8th largest holding. Regents Gate Capital LLP’s holdings in Allegion were worth $24,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Kingsview Wealth Management LLC bought a new position in shares of Allegion during the 4th quarter valued at $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Allegion by 5.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock worth $29,205,000 after acquiring an additional 9,598 shares during the period. SG Americas Securities LLC grew its holdings in shares of Allegion by 2,028.5% in the fourth quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company’s stock worth $30,833,000 after acquiring an additional 184,553 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in Allegion by 793.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock valued at $7,165,000 after acquiring an additional 39,964 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its position in Allegion by 50.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 23,115 shares of the scientific and technical instruments company’s stock valued at $3,683,000 after acquiring an additional 7,776 shares during the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore raised Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Robert W. Baird set a $165.00 price target on shares of Allegion in a research report on Wednesday, April 29th. Barclays lowered their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Morgan Stanley dropped their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $160.89.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.64% of the stock is currently owned by insiders.

Allegion Price Performance

Shares of Allegion stock opened at $137.01 on Friday. The stock has a market cap of $11.77 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.85 and a beta of 0.85. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The stock’s fifty day moving average is $133.36 and its 200 day moving average is $147.37. Allegion PLC has a one year low of $125.00 and a one year high of $183.11.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side analysts anticipate that Allegion PLC will post 8.74 earnings per share for the current year.

Allegion declared that its board has authorized a share buyback program on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.