Andra AP fonden Acquires 28,319 Shares of Allegion PLC $ALLE

Andra AP fonden raised its stake in shares of Allegion PLC (NYSE:ALLE) by 25.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,400 shares of the scientific and technical instruments company’s stock after purchasing an additional 28,319 shares during the quarter. Andra AP fonden owned approximately 0.16% of Allegion worth $24,723,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock valued at $75,000 after buying an additional 60 shares during the period. Huntington National Bank lifted its holdings in Allegion by 7.7% in the second quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 61 shares during the period. HM Payson & Co. boosted its position in Allegion by 2.4% during the 3rd quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock valued at $469,000 after acquiring an additional 63 shares in the last quarter. Fulton Bank N.A. grew its holdings in shares of Allegion by 4.5% during the 3rd quarter. Fulton Bank N.A. now owns 1,529 shares of the scientific and technical instruments company’s stock worth $271,000 after acquiring an additional 66 shares during the period. Finally, Rovin Capital UT ADV raised its position in shares of Allegion by 1.6% in the 3rd quarter. Rovin Capital UT ADV now owns 4,207 shares of the scientific and technical instruments company’s stock worth $746,000 after acquiring an additional 66 shares in the last quarter. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the sale, the director directly owned 4,915 shares in the company, valued at approximately $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.23% of the company’s stock.

Allegion Stock Up 3.1%

Shares of Allegion stock opened at $160.47 on Friday. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The company’s 50 day moving average is $165.27 and its 200 day moving average is $167.93. The company has a market cap of $13.82 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 3.37 and a beta of 1.03.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. Allegion’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts anticipate that Allegion PLC will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $0.55 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s dividend payout ratio (DPR) is currently 27.42%.

Analyst Upgrades and Downgrades

ALLE has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Barclays decreased their target price on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Allegion has a consensus rating of “Hold” and a consensus price target of $175.00.

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.