Louisiana State Employees Retirement System Makes New Investment in Allegion PLC $ALLE

Louisiana State Employees Retirement System bought a new stake in Allegion PLC (NYSE:ALLE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 4,400 shares of the scientific and technical instruments company’s stock, valued at approximately $639,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kingsview Wealth Management LLC bought a new stake in Allegion during the fourth quarter worth $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Allegion by 5.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 181,501 shares of the scientific and technical instruments company’s stock valued at $29,205,000 after purchasing an additional 9,598 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Allegion by 2,028.5% during the 4th quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company’s stock worth $30,833,000 after buying an additional 184,553 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Allegion by 793.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock worth $7,165,000 after buying an additional 39,964 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new stake in shares of Allegion during the 2nd quarter worth $208,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ALLE. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $170.00) on shares of Allegion in a research report on Friday, May 15th. Barclays reduced their price target on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 29th. Wells Fargo & Company decreased their price target 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. Evercore raised shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Bank of America cut their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $160.89.

Allegion Stock Performance

NYSE:ALLE opened at $139.30 on Wednesday. The stock’s 50-day moving average is $133.52 and its 200-day moving average is $148.63. Allegion PLC has a 1-year low of $125.00 and a 1-year high of $183.11. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The stock has a market cap of $11.97 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.91 and a beta of 0.85.

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

Allegion Dividend Announcement

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

Allegion announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the scientific and technical instruments company to buy up to 3.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the sale, the senior vice president directly owned 8,570 shares in the company, valued at $1,175,375.50. This represents a 31.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by corporate insiders.

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.