Allegion PLC $ALLE Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in shares of Allegion PLC (NYSE:ALLE) by 3,139.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,370 shares of the scientific and technical instruments company’s stock after purchasing an additional 125,377 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.15% of Allegion worth $20,598,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its holdings in Allegion by 100.0% during the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 70 shares in the last quarter. First Horizon Corp purchased a new position in Allegion in the third quarter valued at $26,000. Hantz Financial Services Inc. raised its position in shares of Allegion by 120.9% in the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 81 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of Allegion during the 3rd quarter worth about $29,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Allegion during the 2nd quarter worth about $33,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Sue Main bought 2,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, with a total value of $299,220.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at $299,220. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.23% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ALLE. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Barclays lowered their price target on Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a research report on Monday, February 23rd. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. reduced their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Allegion presently has an average rating of “Hold” and an average price target of $175.00.

Allegion Stock Performance

ALLE opened at $145.67 on Friday. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $183.11. The firm has a market capitalization of $12.55 billion, a PE ratio of 19.58, a PEG ratio of 3.19 and a beta of 1.03. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm’s 50-day moving average price is $160.43 and its 200 day moving average price is $165.14.

Allegion (NYSE:ALLE) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 EPS. 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 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $0.55 per share. The ex-dividend date is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. Allegion’s dividend payout ratio (DPR) is 29.57%.

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.