Intech Investment Management LLC Has $1.92 Million Holdings in Allegion PLC $ALLE

Intech Investment Management LLC trimmed its holdings in shares of Allegion PLC (NYSE:ALLE) by 49.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,819 shares of the scientific and technical instruments company’s stock after selling 10,557 shares during the quarter. Intech Investment Management LLC’s holdings in Allegion were worth $1,919,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. State Street Corp grew its stake in Allegion by 0.8% in the 2nd quarter. State Street Corp now owns 3,971,235 shares of the scientific and technical instruments company’s stock valued at $572,336,000 after buying an additional 31,322 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Allegion by 15.2% during the second quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after buying an additional 339,025 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Allegion by 5.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock valued at $417,991,000 after acquiring an additional 113,821 shares during the period. JPMorgan Chase & Co. grew its position in Allegion by 7.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock worth $167,104,000 after purchasing an additional 67,074 shares during the last quarter. Finally, Berkshire Hathaway Inc acquired a new position in shares of Allegion during the second quarter valued at about $112,433,000. Institutional investors own 92.21% of the company’s stock.

Allegion Trading Down 1.1%

ALLE stock opened at $156.61 on Thursday. The business has a fifty day moving average of $165.20 and a 200-day moving average of $167.72. The company has a market cap of $13.49 billion, a P/E ratio of 21.05, a PEG ratio of 3.43 and a beta of 1.03. Allegion PLC has a twelve month low of $116.57 and a twelve month 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.

Allegion (NYSE:ALLE) last announced 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). The business 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 company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, equities research analysts expect that Allegion PLC will post 7.77 EPS 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 represents a $2.20 annualized dividend and a dividend yield of 1.4%. This is a boost from Allegion’s previous quarterly dividend of $0.51. Allegion’s payout ratio is presently 27.42%.

Insider Transactions at Allegion

In related news, Director Steven Mizell sold 1,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total value of $161,510.00. Following the sale, the director directly owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. The trade was a 16.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price objective on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock 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 reduced their target price on shares of Allegion from $180.00 to $176.00 and set an “equal weight” rating on the stock in a research note on Monday, February 23rd. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Allegion currently has an average rating of “Hold” and an average target price of $175.00.

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.