Citigroup Inc. Has $27.20 Million Stock Holdings in Allegion PLC $ALLE

Citigroup Inc. raised its stake in Allegion PLC (NYSE:ALLE) by 37.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,390 shares of the scientific and technical instruments company’s stock after buying an additional 41,774 shares during the period. Citigroup Inc. owned 0.18% of Allegion worth $27,204,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALLE. Raiffeisen Bank International AG lifted its stake in shares of Allegion by 108.3% in the 3rd quarter. Raiffeisen Bank International AG now owns 4,449 shares of the scientific and technical instruments company’s stock valued at $779,000 after acquiring an additional 2,313 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Allegion by 8.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 179,323 shares of the scientific and technical instruments company’s stock worth $31,368,000 after purchasing an additional 14,278 shares in the last quarter. Syon Capital LLC raised its position in Allegion by 3.3% in the third quarter. Syon Capital LLC now owns 2,085 shares of the scientific and technical instruments company’s stock valued at $370,000 after purchasing an additional 67 shares during the last quarter. Advisors Capital Management LLC boosted its stake in shares of Allegion by 0.8% during the third quarter. Advisors Capital Management LLC now owns 71,674 shares of the scientific and technical instruments company’s stock valued at $12,711,000 after purchasing an additional 604 shares in the last quarter. Finally, NEOS Investment Management LLC bought a new stake in shares of Allegion during the third quarter worth about $313,000. Institutional investors own 92.21% of the company’s stock.

Insider Activity

In other news, 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 transaction of $161,510.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Allegion Stock Performance

Shares of ALLE opened at $155.88 on Thursday. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The stock has a 50 day moving average price of $165.26 and a two-hundred day moving average price of $167.98. The firm has a market capitalization of $13.43 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.44 and a beta of 1.03.

Allegion (NYSE:ALLE) last issued its quarterly earnings data 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). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $1.86 earnings per share. Allegion’s revenue was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The firm also recently disclosed 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. 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 dividend on an annualized basis and a yield of 1.4%. Allegion’s dividend payout ratio is currently 27.42%.

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.