BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Stake in Allegion PLC $ALLE

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Allegion PLC (NYSE:ALLE) by 8.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179,323 shares of the scientific and technical instruments company’s stock after buying an additional 14,278 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.21% of Allegion worth $31,368,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB lifted its stake in Allegion by 16.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock worth $75,000 after purchasing an additional 60 shares in the last quarter. Huntington National Bank boosted its stake in Allegion by 7.7% during the second quarter. Huntington National Bank now owns 853 shares of the scientific and technical instruments company’s stock valued at $123,000 after buying an additional 61 shares during the last quarter. HM Payson & Co. grew its holdings 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 buying an additional 63 shares in the last quarter. Fulton Bank N.A. increased its stake in Allegion by 4.5% in 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 last quarter. Finally, Rovin Capital UT ADV raised its holdings in shares of Allegion by 1.6% during 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.

Analyst Ratings Changes

A number of research analysts recently weighed in on ALLE shares. Barclays cut their target price on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, January 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday. 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 MarketBeat.com, Allegion presently has a consensus rating of “Hold” and an average target price of $175.50.

Allegion Stock Performance

Shares of Allegion stock opened at $161.30 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $165.42 and its two-hundred day moving average is $168.12. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11. The company has a market capitalization of $13.89 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.52 and a beta of 1.03.

Allegion (NYSE:ALLE) last released 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 the consensus estimate of $1.04 billion. Allegion had a return on equity of 38.06% and a net margin of 15.83%.The firm’s revenue for the quarter 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. As a group, analysts expect that Allegion PLC will post 7.77 earnings per share for the current year.

Allegion Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.55 dividend. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s payout ratio is currently 27.60%.

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.