Kepler Cheuvreux Suisse SA Buys New Stake in Allegion PLC $ALLE

Kepler Cheuvreux Suisse SA purchased a new stake in Allegion PLC (NYSE:ALLE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,404 shares of the scientific and technical instruments company’s stock, valued at approximately $2,732,000.

A number of other institutional investors also recently bought and sold shares of the business. Westside Investment Management Inc. boosted its position in shares of Allegion by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 140 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Allegion during the 3rd quarter worth about $26,000. Hantz Financial Services Inc. lifted its stake in 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 purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in Allegion in the third quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC acquired a new position in Allegion in the second quarter valued at approximately $33,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Allegion 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 directly owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. JPMorgan Chase & Co. cut 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. Weiss Ratings restated a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Barclays dropped 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 report on Monday, February 23rd. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $175.00.

Allegion Trading Down 1.8%

NYSE:ALLE opened at $147.56 on Wednesday. The company has a market capitalization of $12.71 billion, a PE ratio of 19.83, a P/E/G ratio of 3.25 and a beta of 1.03. Allegion PLC has a 52-week low of $116.57 and a 52-week high of $183.11. The stock’s 50 day moving average price is $164.33 and its 200 day moving average price is $167.18. 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 issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. Allegion’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts anticipate 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 dividend of $0.55 per share. The ex-dividend date is Friday, March 13th. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio (DPR) is currently 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.