First Nebraska Trust Co Invests $3.30 Million in Allegion PLC $ALLE

First Nebraska Trust Co acquired a new stake in Allegion PLC (NYSE:ALLE) during the 1st quarter, Holdings Channel.com reports. The firm acquired 22,740 shares of the scientific and technical instruments company’s stock, valued at approximately $3,304,000.

Several other hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new stake in Allegion during the fourth quarter worth about $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Allegion by 5.6% during 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 purchasing an additional 9,598 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Allegion by 793.3% in 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 purchasing an additional 39,964 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Allegion by 50.7% in 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 purchasing an additional 7,776 shares during the period. Finally, Panagora Asset Management Inc. grew its holdings in shares of Allegion by 191.8% in the fourth quarter. Panagora Asset Management Inc. now owns 624,297 shares of the scientific and technical instruments company’s stock valued at $99,401,000 after purchasing an additional 410,346 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ALLE shares. Robert W. Baird set a $170.00 target price on shares of Allegion in a research note on Friday, July 24th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Thursday, June 11th. Barclays dropped their price target 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. Evercore raised Allegion to a “strong-buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. upped their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. 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 stock. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and a consensus price target of $164.75.

Insider Activity

In other news, CAO Nickolas A. Musial sold 687 shares of the firm’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. This trade represents a 9.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction 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 sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 14,281 shares of company stock worth $2,143,983. Insiders own 0.64% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $157.66 on Friday. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The stock has a market capitalization of $13.41 billion, a PE ratio of 20.69, a PEG ratio of 3.20 and a beta of 0.85. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The stock has a 50-day simple moving average of $137.75 and a 200-day simple moving average of $146.70.

Allegion (NYSE:ALLE) last released its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, analysts predict that Allegion PLC will post 8.92 earnings per share for the current fiscal year.

Allegion declared that its board has initiated a stock buyback program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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.