National Pension Service Lowers Stake in Allegion PLC $ALLE

National Pension Service lessened its stake in Allegion PLC (NYSE:ALLE) by 28.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 8,953 shares of the scientific and technical instruments company’s stock after selling 3,584 shares during the period. National Pension Service’s holdings in Allegion were worth $1,258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ALLE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Allegion by 7.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock worth $1,251,000 after acquiring an additional 626 shares in the last quarter. NewEdge Advisors LLC increased its stake in Allegion by 35.3% during the first quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock worth $427,000 after purchasing an additional 854 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Allegion by 44.2% during the first quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock worth $213,000 after purchasing an additional 499 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Allegion by 13.0% in the first quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $740,000 after purchasing an additional 651 shares during the period. Finally, Focus Partners Wealth grew its holdings in shares of Allegion by 204.5% in the first quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock valued at $937,000 after purchasing an additional 4,826 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALLE. Robert W. Baird set a $170.00 target price on shares of Allegion in a report on Friday, July 24th. Morgan Stanley reduced their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Longbow Research upgraded Allegion from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a report on Thursday, June 11th. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. increased their price target on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Allegion has a consensus rating of “Hold” and an average target price of $164.75.

Allegion Trading Up 0.0%

ALLE opened at $153.37 on Monday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion PLC has a one year low of $125.00 and a one year high of $183.11. The company has a market cap of $13.04 billion, a P/E ratio of 20.13, a PEG ratio of 3.12 and a beta of 0.83. The business’s 50-day simple moving average is $154.17 and its 200-day simple moving average is $144.97.

Allegion (NYSE:ALLE) last posted its earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.18. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.04 earnings per share. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. As a group, equities research analysts expect that Allegion PLC will post 8.93 EPS for the current fiscal year.

Allegion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 28.87%.

Insider Transactions at Allegion

In other Allegion news, CFO Michael J. Wagnes sold 3,184 shares of the company’s stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total value of $480,720.32. Following the completion of the transaction, the chief financial officer owned 31,299 shares in the company, valued at $4,725,523.02. This represents a 9.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Nickolas A. Musial sold 687 shares of the firm’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total value of $106,485.00. Following the transaction, the chief accounting officer directly owned 6,798 shares in the company, valued at approximately $1,053,690. The trade was a 9.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,288 shares of company stock worth $1,764,593. Insiders own 0.64% of the company’s stock.

About Allegion

Allegion plc (NYSE:ALLE) is a global provider of security products and solutions designed to help protect people and property. The company serves commercial, institutional, residential and industrial customers with products used to control and manage access to buildings and other facilities.

Its portfolio includes mechanical and electronic locks, access control systems, credentials, door closers, exit devices, door hardware, steel doors and related software and services. Allegion’s brands include Schlage, Von Duprin, LCN, Steelcraft and Briton, among others.

Allegion was established as an independent company in 2013 following its separation from Ingersoll Rand.