Andra AP fonden Has $28.82 Million Holdings in Allegion PLC $ALLE

Andra AP fonden increased its stake in shares of Allegion PLC (NYSE:ALLE) by 29.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 181,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 41,600 shares during the period. Andra AP fonden’s holdings in Allegion were worth $28,819,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Riverwater Partners LLC grew its stake in Allegion by 40.4% in the fourth quarter. Riverwater Partners LLC now owns 3,147 shares of the scientific and technical instruments company’s stock valued at $501,000 after acquiring an additional 905 shares during the period. Principal Securities Inc. grew its stake in Allegion by 25.1% in the fourth quarter. Principal Securities Inc. now owns 20,995 shares of the scientific and technical instruments company’s stock valued at $3,343,000 after acquiring an additional 4,214 shares during the period. Aviva PLC grew its stake in Allegion by 5.5% in the fourth quarter. Aviva PLC now owns 79,539 shares of the scientific and technical instruments company’s stock valued at $12,664,000 after acquiring an additional 4,114 shares during the period. Qtron Investments LLC acquired a new position in Allegion in the fourth quarter valued at about $271,000. Finally, Xponance LLC grew its stake in Allegion by 6.5% in the fourth quarter. Xponance LLC now owns 12,963 shares of the scientific and technical instruments company’s stock valued at $2,064,000 after acquiring an additional 796 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on ALLE shares. Bank of America decreased their target price on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Morgan Stanley cut their price objective on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research report on Wednesday, June 3rd. Wells Fargo & Company reduced their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Evercore raised shares of Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, Weiss Ratings lowered shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.89.

Insider Buying and Selling at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the company’s stock in a transaction on 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 sale, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.64% of the company’s stock.

Allegion Stock Performance

ALLE opened at $133.94 on Friday. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The firm has a market capitalization of $11.51 billion, a PE ratio of 18.30, a PEG ratio of 2.69 and a beta of 0.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The business’s 50-day simple moving average is $136.31 and its 200 day simple moving average is $151.96.

Allegion (NYSE:ALLE) last released its 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). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.86 EPS. The business’s revenue was up 9.7% on a year-over-year basis. 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 8.73 earnings per share for the current fiscal year.

Allegion Announces Dividend

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

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

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.