Tudor Investment Corp ET AL Sells 13,827 Shares of Allegion PLC $ALLE

Tudor Investment Corp ET AL trimmed its holdings in Allegion PLC (NYSE:ALLE) by 24.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,756 shares of the scientific and technical instruments company’s stock after selling 13,827 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Allegion were worth $7,583,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Mirabella Financial Services LLP bought a new position in Allegion in the 3rd quarter worth approximately $8,366,000. Allworth Financial LP boosted its stake in Allegion by 15.1% in the 3rd quarter. Allworth Financial LP now owns 1,357 shares of the scientific and technical instruments company’s stock worth $241,000 after purchasing an additional 178 shares during the period. IFP Advisors Inc boosted its stake in Allegion by 86.5% in the 3rd quarter. IFP Advisors Inc now owns 1,660 shares of the scientific and technical instruments company’s stock worth $298,000 after purchasing an additional 770 shares during the period. Swiss Life Asset Management Ltd boosted its position in shares of Allegion by 8.7% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 63,138 shares of the scientific and technical instruments company’s stock valued at $11,198,000 after acquiring an additional 5,034 shares during the last quarter. Finally, Groupama Asset Managment bought a new position in shares of Allegion during the 3rd quarter valued at approximately $1,055,000. 92.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ALLE. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. Barclays lowered their target price on Allegion from $176.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. JPMorgan Chase & Co. lowered their target price 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, Weiss Ratings reiterated a “buy (b)” rating on shares of Allegion in a research report on Wednesday, January 21st. 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, the company has a consensus rating of “Hold” and a consensus target price of $171.13.

Insiders Place Their Bets

In related news, Director Steven Mizell sold 1,000 shares of the firm’s 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 completion of the sale, the director directly owned 4,915 shares in the company, valued at $793,821.65. This trade represents a 16.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sue Main purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. The trade was 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 owned by company insiders.

Allegion Stock Down 0.6%

NYSE ALLE opened at $139.28 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.84. The company has a market capitalization of $12.00 billion, a P/E ratio of 18.72, a P/E/G ratio of 3.05 and a beta of 1.02. Allegion PLC has a one year low of $116.57 and a one year high of $183.11. The stock has a 50 day moving average price of $156.67 and a 200-day moving average price of $163.13.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.07). The company 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 quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior 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 predict that Allegion PLC will post 7.77 EPS for the current fiscal year.

Allegion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $0.55 dividend. This is a boost from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, March 13th. Allegion’s dividend payout ratio is 29.57%.

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.