Allegion PLC $ALLE Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Allegion PLC (NYSE:ALLE) by 3,139.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 129,370 shares of the scientific and technical instruments company’s stock after purchasing an additional 125,377 shares during the period. Assenagon Asset Management S.A.’s holdings in Allegion were worth $20,598,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. 180 Wealth Advisors LLC purchased a new stake in shares of Allegion during the 4th quarter valued at approximately $391,000. Marshall Financial Group LLC purchased a new position in Allegion in the fourth quarter worth approximately $1,499,000. Fulton Bank N.A. increased its stake in Allegion by 7.5% during the fourth quarter. Fulton Bank N.A. now owns 1,644 shares of the scientific and technical instruments company’s stock worth $262,000 after acquiring an additional 115 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Allegion in the fourth quarter valued at $65,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Allegion in the 3rd quarter valued at $8,366,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Price Performance

ALLE opened at $145.67 on Friday. The stock’s 50-day moving average price is $160.43 and its 200 day moving average price is $165.14. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $183.11. The firm has a market cap of $12.55 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 3.19 and a beta of 1.03. 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 (NYSE:ALLE) last released 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). The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts expect 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. Shareholders of record on Friday, March 13th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is a positive change from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. Allegion’s payout ratio is presently 29.57%.

Insider Buying and Selling at Allegion

In other news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the completion of the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sue Main acquired 2,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.23% of the company’s stock.

Analyst Ratings Changes

ALLE has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Barclays lowered their target price on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a research note on Monday, February 23rd. JPMorgan Chase & Co. dropped their price target 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $175.00.

Allegion 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.