Allegion PLC $ALLE Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its holdings in Allegion PLC (NYSE:ALLE) by 12.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,675 shares of the scientific and technical instruments company’s stock after selling 5,503 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Allegion were worth $6,682,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Westside Investment Management Inc. increased its stake in shares of Allegion by 100.0% during the third quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after buying an additional 70 shares during the period. First Horizon Corp acquired a new stake in shares of Allegion in the 3rd quarter worth $26,000. Hantz Financial Services Inc. increased its stake in shares of Allegion by 120.9% during the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 81 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Allegion in the third quarter worth $29,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Allegion during the 2nd quarter worth $33,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Finally, Barclays decreased their price target on Allegion from $187.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 7th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $175.50.

Insider Activity at Allegion

In other news, Director Steven Mizell sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Allegion Stock Performance

ALLE opened at $162.34 on Monday. The firm has a market cap of $13.98 billion, a PE ratio of 21.82, a P/E/G ratio of 3.50 and a beta of 1.03. Allegion PLC has a fifty-two week low of $116.57 and a fifty-two week high of $183.11. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $165.46 and a 200-day simple moving average of $168.13.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’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. As a group, equities analysts predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The firm 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. This represents a $2.20 dividend on an annualized basis and a yield of 1.4%. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. Allegion’s dividend payout ratio is presently 27.42%.

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.