Nordea Investment Management AB Cuts Stock Holdings in Allegion PLC $ALLE

Nordea Investment Management AB lowered its position in Allegion PLC (NYSE:ALLE) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,325,503 shares of the scientific and technical instruments company’s stock after selling 141,255 shares during the period. Nordea Investment Management AB owned about 1.54% of Allegion worth $212,730,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ALLE. Ransom Advisory Ltd purchased a new position in shares of Allegion during the 4th quarter worth approximately $65,000. Mirabella Financial Services LLP purchased a new stake in shares of Allegion in the third quarter valued at approximately $8,366,000. Allworth Financial LP grew its holdings in Allegion by 15.1% during the third quarter. Allworth Financial LP now owns 1,357 shares of the scientific and technical instruments company’s stock worth $241,000 after acquiring an additional 178 shares during the period. IFP Advisors Inc grew its holdings in Allegion by 86.5% during the third quarter. IFP Advisors Inc now owns 1,660 shares of the scientific and technical instruments company’s stock worth $298,000 after acquiring an additional 770 shares during the period. Finally, Swiss Life Asset Management Ltd raised its position in Allegion by 8.7% in the third quarter. Swiss Life Asset Management Ltd now owns 63,138 shares of the scientific and technical instruments company’s stock worth $11,198,000 after acquiring an additional 5,034 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

ALLE has been the subject of a number of recent analyst reports. Barclays reduced their target price on 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 report on Tuesday, December 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research note on Wednesday, January 21st. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $175.00.

Allegion Stock Performance

Shares of ALLE stock opened at $142.43 on Monday. The stock has a fifty day moving average price of $161.74 and a 200 day moving average price of $165.77. The stock has a market cap of $12.27 billion, a PE ratio of 19.14, a P/E/G ratio of 3.08 and a beta of 1.03. Allegion PLC has a 1 year low of $116.57 and a 1 year 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.

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). Allegion had a net margin of 15.83% and a return on equity of 38.06%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side 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. Investors of record on Friday, March 13th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio is currently 29.57%.

Insider Activity

In other Allegion news, Director Sue Main purchased 2,000 shares of Allegion stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at approximately $299,220. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Mizell sold 1,000 shares of the 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 owned 4,915 shares in the company, valued at $793,821.65. This represents a 16.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.23% of the company’s stock.

Allegion Company 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.