Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases 6,550 Shares of Allegion PLC $ALLE

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Allegion PLC (NYSE:ALLE) by 36.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,682 shares of the scientific and technical instruments company’s stock after buying an additional 6,550 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Allegion were worth $3,586,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

A number of research firms have commented on ALLE. Weiss Ratings lowered Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Morgan Stanley cut their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. Wells Fargo & Company decreased their price objective on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Finally, Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $160.89.

Insider Activity

In other news, SVP Robert C. Martens sold 3,993 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the completion of the transaction, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Allegion Stock Down 0.2%

Shares of NYSE:ALLE opened at $140.29 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The stock has a market cap of $12.06 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.92 and a beta of 0.85. The company has a 50 day moving average of $133.66 and a 200-day moving average of $148.78. Allegion PLC has a one year low of $125.00 and a one year high of $183.11.

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

Allegion Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $0.55 per share. The ex-dividend date was Monday, June 15th. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. Allegion’s dividend payout ratio (DPR) is 30.05%.

Allegion announced that its board has authorized a stock buyback program on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.