Fideuram Asset Management Ireland dac Acquires Shares of 7,678 Allegion PLC $ALLE

Fideuram Asset Management Ireland dac bought a new stake in shares of Allegion PLC (NYSE:ALLE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,678 shares of the scientific and technical instruments company’s stock, valued at approximately $1,222,000.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. increased its holdings 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 valued at $25,000 after purchasing an additional 70 shares in the last quarter. Pinnacle Bancorp Inc. increased its holdings in shares of Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Allegion by 120.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock valued at $26,000 after purchasing an additional 81 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Allegion during the 3rd quarter valued at approximately $29,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Allegion during the 2nd quarter valued at approximately $33,000. 92.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Allegion

In other Allegion news, Director Sue Main bought 2,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $149.61 per share, with a total value of $299,220.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following the sale, the senior vice president directly owned 8,570 shares in the company, valued at approximately $1,175,375.50. This trade represents a 31.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.64% of the company’s stock.

Allegion Price Performance

Shares of NYSE ALLE opened at $130.33 on Friday. The firm has a market cap of $11.20 billion, a PE ratio of 17.81, a PEG ratio of 2.73 and a beta of 0.89. The firm has a fifty day moving average of $138.89 and a 200 day moving average of $154.12. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. Allegion PLC has a one year low of $125.00 and a one year high of $183.11.

Allegion (NYSE:ALLE) last issued its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Allegion had a return on equity of 35.41% and a net margin of 15.24%.Allegion’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, research analysts predict that Allegion PLC will post 8.74 EPS for the current fiscal year.

Allegion announced that its Board of Directors has initiated a stock repurchase program on Tuesday, April 28th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Allegion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, June 15th. Allegion’s payout ratio is 30.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALLE. Robert W. Baird set a $165.00 target price on shares of Allegion in a report on Wednesday, April 29th. Bank of America cut their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Evercore raised shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Wells Fargo & Company cut their target price on shares of Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a report on Wednesday, April 1st. Finally, Weiss Ratings lowered shares of Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Allegion currently has an average rating of “Hold” and a consensus price target of $161.50.

About Allegion

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.