38,081 Allegion PLC $ALLE Shares Purchased by Mather Group LLC.

Mather Group LLC. boosted its position in Allegion PLC (NYSE:ALLE) by 8,171.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,547 shares of the scientific and technical instruments company’s stock after buying an additional 38,081 shares during the period. Mather Group LLC.’s holdings in Allegion were worth $5,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of ALLE. Continuum Advisory LLC acquired a new position in Allegion in the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC lifted its stake in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. J.Safra Asset Management Corp acquired a new stake in Allegion during the 2nd quarter valued at approximately $42,000. Ameritas Advisory Services LLC acquired a new stake in Allegion during the 2nd quarter valued at approximately $44,000. Finally, Blue Trust Inc. boosted its holdings in shares of Allegion by 105.1% in the 1st quarter. Blue Trust Inc. now owns 771 shares of the scientific and technical instruments company’s stock valued at $112,000 after acquiring an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity

In related news, Director Steven Mizell purchased 170 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $158.28 per share, with a total value of $26,907.60. Following the purchase, the director owned 5,899 shares of the company’s stock, valued at $933,693.72. The trade was a 2.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy P. Eckersley sold 6,417 shares of Allegion stock in a transaction on Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the sale, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 11,288 shares of company stock worth $1,764,593. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ALLE. Evercore reiterated an “outperform” rating and issued a $180.00 price objective on shares of Allegion in a research note on Tuesday, September 22nd. Weiss Ratings raised shares of Allegion from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $162.50.

Allegion Price Performance

Shares of Allegion stock opened at $155.52 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The business has a 50-day moving average price of $156.67 and a 200 day moving average price of $145.50. The firm has a market cap of $13.23 billion, a PE ratio of 18.07, a P/E/G ratio of 3.10 and a beta of 0.81.

Allegion (NYSE:ALLE) last released its quarterly 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. Allegion had a return on equity of 35.41% and a net margin of 15.36%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $2.04 EPS. Allegion’s quarterly revenue was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Sell-side analysts predict that Allegion PLC will post 8.94 earnings per share for the current fiscal year.

Allegion Dividend Announcement

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

About Allegion

Allegion plc is a global provider of security products and solutions for homes, businesses, schools, healthcare facilities and other institutions. The company develops and manufactures mechanical and electronic locks, access-control systems, door closers, exit devices, door hardware, and related products designed to help secure and manage entry into buildings.

Allegion’s portfolio includes well-known brands such as Schlage, Von Duprin, LCN, Steelcraft, Briton and Interflex. Its offerings range from residential locks and smart-home security products to commercial access-control systems, biometric and credential-based solutions, doors and frames, and software and services that support building security and access management.

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