Groupama Asset Managment Takes $1.06 Million Position in Allegion PLC $ALLE

Groupama Asset Managment purchased a new position in shares of Allegion PLC (NYSE:ALLE) in the 3rd quarter, Holdings Channel reports. The fund purchased 5,950 shares of the scientific and technical instruments company’s stock, valued at approximately $1,055,000.

A number of other large investors have also modified their holdings of ALLE. Westside Investment Management Inc. lifted its position in Allegion by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 70 shares during the last quarter. First Horizon Corp bought a new position in Allegion in the 3rd quarter worth about $26,000. Hantz Financial Services Inc. grew its position in Allegion by 120.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new stake in shares of Allegion in the third quarter valued at approximately $29,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Allegion in the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Down 1.0%

ALLE opened at $142.43 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The company has a market capitalization of $12.27 billion, a PE ratio of 19.14, a P/E/G ratio of 3.11 and a beta of 1.03. The stock’s fifty day moving average is $161.74 and its 200-day moving average is $165.80. Allegion PLC has a one year low of $116.57 and a one year high of $183.11.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the business earned $1.86 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is presently 29.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Barclays cut their target price on Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $175.00.

Insider Buying and Selling

In related news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sue Main purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.23% of the stock is owned by insiders.

Allegion Company 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.