6,864 Shares in Allegion PLC $ALLE Bought by Citizens Business Bank

Citizens Business Bank bought a new stake in Allegion PLC (NYSE:ALLE) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,864 shares of the scientific and technical instruments company’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALLE. Pinnacle Bancorp Inc. boosted its stake in shares of Allegion by 255.6% during the 4th 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 during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion in the second quarter valued at about $33,000. Hantz Financial Services Inc. increased its position in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after acquiring an additional 68 shares during the last quarter. Bard Associates Inc. bought a new stake in Allegion during the fourth quarter worth about $35,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Allegion during the third quarter valued at approximately $36,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $137.15, for a total value of $547,639.95. Following the transaction, the senior vice president directly owned 8,570 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Weiss Ratings downgraded Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Robert W. Baird set a $165.00 price objective on Allegion in a research note on Wednesday, April 29th. Morgan Stanley decreased their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Barclays lowered their target price on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Finally, Wells Fargo & Company dropped their price target 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. 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 stock. According to MarketBeat, Allegion has an average rating of “Hold” and an average price target of $160.89.

Allegion Price Performance

Shares of NYSE ALLE opened at $136.87 on Monday. 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 business’s 50 day moving average price is $133.19 and its two-hundred day moving average price is $148.11. The company has a market cap of $11.76 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.85. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11.

Allegion (NYSE:ALLE) last released 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 analyst estimates of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, analysts predict that Allegion PLC will post 8.74 EPS for the current year.

Allegion declared that its Board of Directors has approved a share buyback plan on Tuesday, April 28th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Allegion Announces Dividend

The firm also recently declared 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 of this dividend was Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.6%. Allegion’s dividend payout ratio (DPR) is currently 30.05%.

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.