Dakota Wealth Management Raises Holdings in Allegion PLC $ALLE

Dakota Wealth Management boosted its position in Allegion PLC (NYSE:ALLE) by 47.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,718 shares of the scientific and technical instruments company’s stock after purchasing an additional 6,318 shares during the quarter. Dakota Wealth Management’s holdings in Allegion were worth $3,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ALLE. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Allegion by 16.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 424 shares of the scientific and technical instruments company’s stock worth $75,000 after buying an additional 60 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Allegion by 2.7% in the third quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock worth $380,000 after buying an additional 60 shares in the last quarter. HM Payson & Co. lifted its stake in shares of Allegion by 2.4% in the third quarter. HM Payson & Co. now owns 2,644 shares of the scientific and technical instruments company’s stock worth $469,000 after buying an additional 63 shares in the last quarter. Fulton Bank N.A. boosted its position in Allegion by 4.5% during the third 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 grew its stake in 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 valued at $746,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ALLE. 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 Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Barclays cut their price target on Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $175.00.

Insider Buying and Selling at Allegion

In other Allegion news, Director Steven Mizell sold 1,000 shares of the firm’s 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 completion of the sale, the director owned 4,915 shares of the company’s stock, valued at $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sue Main bought 2,000 shares of Allegion stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the transaction, 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 SEC filing for this purchase provides additional information. 0.23% of the stock is owned by company insiders.

Allegion Price Performance

Allegion stock opened at $144.50 on Friday. 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 company has a 50-day moving average price of $160.02 and a 200 day moving average price of $164.94. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $183.11. The stock has a market cap of $12.45 billion, a P/E ratio of 19.42, a PEG ratio of 3.15 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 firm 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Sell-side analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current 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 given a $0.55 dividend. 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 annualized dividend and a yield of 1.5%. Allegion’s dividend payout ratio (DPR) is currently 29.57%.

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.