Vanguard Group Inc. Lowers Position in Allegion PLC $ALLE

Vanguard Group Inc. trimmed its holdings in shares of Allegion PLC (NYSE:ALLE) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,616,433 shares of the scientific and technical instruments company’s stock after selling 105,580 shares during the quarter. Vanguard Group Inc. owned about 12.34% of Allegion worth $1,882,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Allegion by 7.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,592 shares of the scientific and technical instruments company’s stock worth $1,251,000 after purchasing an additional 626 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Allegion by 35.3% in the 1st quarter. NewEdge Advisors LLC now owns 3,272 shares of the scientific and technical instruments company’s stock worth $427,000 after buying an additional 854 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Allegion by 44.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,629 shares of the scientific and technical instruments company’s stock valued at $213,000 after buying an additional 499 shares in the last quarter. Empowered Funds LLC raised its position in shares of Allegion by 13.0% during the 1st quarter. Empowered Funds LLC now owns 5,673 shares of the scientific and technical instruments company’s stock valued at $740,000 after buying an additional 651 shares in the last quarter. Finally, Focus Partners Wealth lifted its holdings in shares of Allegion by 204.5% during the 1st quarter. Focus Partners Wealth now owns 7,186 shares of the scientific and technical instruments company’s stock worth $937,000 after acquiring an additional 4,826 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Price Performance

Shares of Allegion stock opened at $161.30 on Friday. The company’s fifty day simple moving average is $165.42 and its two-hundred day simple moving average is $168.12. Allegion PLC has a 12-month low of $116.57 and a 12-month high of $183.11. The firm has a market cap 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. The company has a quick ratio of 1.11, a current ratio of 1.84 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last posted its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.01 by ($0.07). The business had revenue of $1.03 billion during 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 period in the previous year, the business earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Increases Dividend

The firm also recently declared 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. 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. Allegion’s payout ratio is 27.60%.

Wall Street Analyst Weigh In

ALLE has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Barclays decreased their price target on shares of Allegion from $187.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus target price of $175.50.

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.