Vaughan Nelson Investment Management L.P. Acquires 28,355 Shares of Allegion PLC $ALLE

Vaughan Nelson Investment Management L.P. grew its holdings in Allegion PLC (NYSE:ALLE) by 22.7% during the first quarter, Holdings Channel reports. The firm owned 153,511 shares of the scientific and technical instruments company’s stock after acquiring an additional 28,355 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Allegion were worth $22,304,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ALLE. Pinnacle Bancorp Inc. increased its holdings in Allegion by 255.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion during the 2nd quarter worth approximately $33,000. Hantz Financial Services Inc. grew its position in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares during the period. Bard Associates Inc. bought a new stake in shares of Allegion in the 4th quarter valued at $35,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Allegion in the 3rd quarter valued at $36,000. Institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of ALLE opened at $130.69 on Tuesday. Allegion PLC has a 12-month low of $125.00 and a 12-month high of $183.11. The business’s fifty day moving average is $134.98 and its 200 day moving average is $150.38. The company has a quick ratio of 1.19, a current ratio of 1.91 and a debt-to-equity ratio of 0.97. The stock has a market cap of $11.23 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.78 and a beta of 0.87.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.08). Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business posted $1.86 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side analysts anticipate that Allegion PLC will post 8.73 earnings per share for the current fiscal year.

Allegion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio (DPR) is currently 30.05%.

Allegion announced that its Board of Directors has approved a share repurchase program on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to purchase up to 3.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ALLE. Morgan Stanley cut their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Wells Fargo & Company cut their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Finally, Evercore upgraded Allegion to a “strong-buy” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.89.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at $1,175,375.50. The trade was a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.64% of the stock is currently 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.