Peak Financial Advisors LLC Invests $604,000 in Allegion PLC $ALLE

Peak Financial Advisors LLC purchased a new stake in shares of Allegion PLC (NYSE:ALLE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,795 shares of the scientific and technical instruments company’s stock, valued at approximately $604,000.

Several other institutional investors have also bought and sold shares of ALLE. Berkshire Hathaway Inc bought a new position in Allegion in the 2nd quarter valued at about $112,433,000. Norges Bank bought a new stake in shares of Allegion during the 2nd quarter worth about $109,862,000. Millennium Management LLC lifted its stake in shares of Allegion by 817.1% in the 3rd quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock worth $54,700,000 after acquiring an additional 274,800 shares during the period. State Street Corp lifted its stake in shares of Allegion by 6.6% in the 3rd quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after acquiring an additional 260,973 shares during the period. Finally, Caisse de depot et placement du Quebec boosted its holdings in shares of Allegion by 188.2% in the third quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company’s stock valued at $51,389,000 after acquiring an additional 189,236 shares in the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Allegion Stock Performance

NYSE:ALLE opened at $147.68 on Thursday. Allegion PLC has a twelve month low of $116.57 and a twelve month high of $183.11. 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 of $160.79 and a 200-day moving average of $165.27. The firm has a market cap of $12.72 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 3.15 and a beta of 1.03.

Allegion (NYSE:ALLE) last released its earnings results 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 return on equity of 38.06% and a net margin of 15.83%.The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Analysts forecast that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.55 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. Allegion’s dividend payout ratio is currently 29.57%.

Insider Buying and Selling at Allegion

In related news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total value of $161,510.00. Following the transaction, the director directly owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sue Main bought 2,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were bought at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ALLE shares. Barclays lowered their price objective 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. Wells Fargo & Company restated a “positive” rating on shares of Allegion in a research report on Tuesday, December 16th. JPMorgan Chase & Co. decreased their price target on Allegion from $190.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.