Prudential PLC Has $548,000 Stake in Allegion PLC $ALLE

Prudential PLC lowered its stake in Allegion PLC (NYSE:ALLE) by 56.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,441 shares of the scientific and technical instruments company’s stock after selling 4,466 shares during the quarter. Prudential PLC’s holdings in Allegion were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Allegion by 3.8% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 171,903 shares of the scientific and technical instruments company’s stock worth $30,487,000 after acquiring an additional 6,220 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Allegion by 22.9% in the third quarter. Assetmark Inc. now owns 97,541 shares of the scientific and technical instruments company’s stock worth $17,299,000 after acquiring an additional 18,165 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Allegion by 7.7% in the third quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock worth $167,104,000 after acquiring an additional 67,074 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Allegion by 8.7% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 179,323 shares of the scientific and technical instruments company’s stock worth $31,368,000 after acquiring an additional 14,278 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in shares of Allegion in the fourth quarter worth about $2,833,000. Institutional investors own 92.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ALLE. Morgan Stanley dropped their target price on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a report on Wednesday, June 3rd. Robert W. Baird set a $165.00 price objective on shares of Allegion in a report on Wednesday, April 29th. Wells Fargo & Company dropped their price objective 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. Barclays dropped their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.38.

Insider Buying and Selling

In other news, Director Sue Main bought 2,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $149.61 per share, with a total value of $299,220.00. Following the transaction, the director owned 2,000 shares of the company’s stock, valued at $299,220. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were 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 of the company’s stock, valued at $1,175,375.50. This represents a 31.78% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.64% of the company’s stock.

Allegion Stock Performance

NYSE:ALLE opened at $127.57 on Tuesday. The company has a market capitalization of $10.96 billion, a PE ratio of 17.43, a P/E/G ratio of 2.71 and a beta of 0.87. The company has a 50 day simple moving average of $137.07 and a two-hundred day simple moving average of $152.59. 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 fifty-two week low of $125.00 and a fifty-two week high of $183.11.

Allegion (NYSE:ALLE) last released its earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Research analysts anticipate that Allegion PLC will post 8.73 earnings per share for the current year.

Allegion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given 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 currently 30.05%.

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

Allegion 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.