Tredje AP fonden Sells 8,841 Shares of Allegion PLC $ALLE

Tredje AP fonden cut its position in Allegion PLC (NYSE:ALLE) by 56.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,873 shares of the scientific and technical instruments company’s stock after selling 8,841 shares during the quarter. Tredje AP fonden’s holdings in Allegion were worth $1,219,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ALLE. Westside Investment Management Inc. raised its position in Allegion by 100.0% during the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. First Horizon Corp acquired a new position in shares of Allegion during the 3rd quarter worth about $26,000. Hantz Financial Services Inc. raised its holdings in shares of 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 valued at $26,000 after purchasing an additional 81 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of Allegion in the 3rd quarter valued at about $29,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Allegion in the 2nd quarter valued at about $33,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Stock Performance

NYSE:ALLE opened at $162.34 on Monday. The stock has a market cap of $13.98 billion, a P/E ratio of 21.82, a PEG ratio of 3.50 and a beta of 1.03. The stock has a 50 day simple moving average of $165.46 and a 200 day simple moving average of $168.13. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the company earned $1.86 earnings per share. The business’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. Research analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.55 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Allegion’s payout ratio is 27.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Barclays decreased their target price on Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $175.50.

Insider Transactions at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the sale, the director owned 4,915 shares of the company’s stock, 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 SEC, which is available at the SEC website. 0.23% of the stock is owned by corporate insiders.

About Allegion

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.