Arbejdsmarkedets Tillaegspension Buys 26,175 Shares of Allegion PLC $ALLE

Arbejdsmarkedets Tillaegspension increased its stake in Allegion PLC (NYSE:ALLE) by 17.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,860 shares of the scientific and technical instruments company’s stock after purchasing an additional 26,175 shares during the period. Arbejdsmarkedets Tillaegspension’s holdings in Allegion were worth $25,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of ALLE. Kingsview Wealth Management LLC bought a new stake in Allegion in the 4th quarter valued at $2,833,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in 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 buying an additional 9,598 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Allegion by 793.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 45,002 shares of the scientific and technical instruments company’s stock valued at $7,165,000 after acquiring an additional 39,964 shares during the period. SG Americas Securities LLC grew its position in shares of Allegion by 2,028.5% in the fourth quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company’s stock valued at $30,833,000 after purchasing an additional 184,553 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Allegion by 50.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 23,115 shares of the scientific and technical instruments company’s stock valued at $3,683,000 after purchasing an additional 7,776 shares during the last quarter. 92.21% of the stock is 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 firm’s stock in a transaction that occurred 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 sale, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. This trade represents a 31.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by insiders.

Allegion Stock Performance

Shares of NYSE:ALLE opened at $136.87 on Monday. The company’s 50 day simple moving average is $133.19 and its 200 day simple moving average is $148.11. The stock has a market capitalization of $11.76 billion, a price-to-earnings ratio of 18.70, a price-to-earnings-growth ratio of 2.84 and a beta of 0.85. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19.

Allegion (NYSE:ALLE) last issued 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). 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%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, research analysts predict that Allegion PLC will post 8.74 EPS for the current fiscal year.

Allegion declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.55 dividend. 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 is presently 30.05%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ALLE. Robert W. Baird set a $165.00 price target on Allegion in a research note on Wednesday, April 29th. Bank of America decreased their price target on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Thursday, June 11th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Finally, Evercore upgraded shares of Allegion to a “strong-buy” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Allegion has a consensus rating of “Hold” and an average price target of $160.89.

About Allegion

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.