BNP Paribas Financial Markets Purchases 9,372 Shares of Allegion PLC $ALLE

BNP Paribas Financial Markets boosted its position in shares of Allegion PLC (NYSE:ALLE) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 159,385 shares of the scientific and technical instruments company’s stock after buying an additional 9,372 shares during the quarter. BNP Paribas Financial Markets’ holdings in Allegion were worth $25,377,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ALLE. Westside Investment Management Inc. raised its holdings in 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 purchasing an additional 70 shares during the last quarter. Pinnacle Bancorp Inc. raised its holdings in Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after purchasing an additional 115 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in 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 worth $26,000 after purchasing an additional 81 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Allegion in the 3rd quarter valued at about $29,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Allegion in the 2nd quarter valued at about $33,000. 92.21% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 8,570 shares of the company’s stock, valued at approximately $1,175,375.50. This represents a 31.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sue Main bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $149.61 per share, with a total value of $299,220.00. Following the completion of the purchase, the director owned 2,000 shares in the company, valued at $299,220. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.64% of the stock is currently owned by corporate insiders.

Allegion Price Performance

NYSE ALLE opened at $130.38 on Friday. The business has a 50 day simple moving average of $137.79 and a 200 day simple moving average of $153.03. Allegion PLC has a 52-week low of $125.00 and a 52-week high of $183.11. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.70 and a beta of 0.86.

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

Allegion declared that its board has authorized a share repurchase program on Tuesday, April 28th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the scientific and technical instruments company to buy 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 Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently commented on ALLE shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Robert W. Baird set a $165.00 price target on Allegion in a research note on Wednesday, April 29th. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Barclays lowered their price target on Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. Finally, Bank of America lowered their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Allegion currently has an average rating of “Hold” and an average target price of $160.38.

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.