Barclays PLC Raises Holdings in Allegion PLC $ALLE

Barclays PLC lifted its holdings in Allegion PLC (NYSE:ALLE) by 67.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,741 shares of the scientific and technical instruments company’s stock after buying an additional 173,483 shares during the quarter. Barclays PLC owned 0.50% of Allegion worth $76,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ALLE. Berkshire Hathaway Inc purchased a new position in Allegion in the second quarter worth $112,433,000. Norges Bank purchased a new stake in shares of Allegion during the 2nd quarter worth $109,862,000. Geode Capital Management LLC grew its stake in shares of Allegion by 15.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after purchasing an additional 339,025 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Allegion by 114.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 349,856 shares of the scientific and technical instruments company’s stock worth $50,421,000 after purchasing an additional 186,706 shares during the period. Finally, Amundi increased its holdings in shares of Allegion by 30.4% in the 2nd quarter. Amundi now owns 588,213 shares of the scientific and technical instruments company’s stock valued at $87,026,000 after purchasing an additional 137,106 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Activity

In related news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the transaction, the director directly owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Barclays dropped their target price on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $175.00.

Allegion Price Performance

Allegion stock opened at $150.52 on Monday. Allegion PLC has a 52 week low of $116.57 and a 52 week 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 firm’s 50-day simple moving average is $164.82 and its 200 day simple moving average is $167.47. The firm has a market capitalization of $12.97 billion, a PE ratio of 20.23, a P/E/G ratio of 3.25 and a beta of 1.03.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business 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%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal 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 dividend of $0.55 per share. This is a positive change from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.5%. Allegion’s dividend payout ratio is 27.42%.

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.