CYBER HORNET ETFs LLC Purchases 3,968 Shares of Allegion PLC $ALLE

CYBER HORNET ETFs LLC raised its position in shares of Allegion PLC (NYSE:ALLE) by 1,667.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,206 shares of the scientific and technical instruments company’s stock after buying an additional 3,968 shares during the period. CYBER HORNET ETFs LLC’s holdings in Allegion were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in shares of Allegion by 13,296.8% in the 2nd quarter. California State Teachers Retirement System now owns 18,430,040 shares of the scientific and technical instruments company’s stock worth $2,589,236,000 after acquiring an additional 18,292,470 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Allegion in the second quarter worth $44,000. HB Wealth Management LLC boosted its stake in Allegion by 53.0% in the second quarter. HB Wealth Management LLC now owns 4,826 shares of the scientific and technical instruments company’s stock worth $678,000 after purchasing an additional 1,671 shares in the last quarter. Saudi Central Bank grew its holdings in shares of Allegion by 89.9% during the second quarter. Saudi Central Bank now owns 6,030 shares of the scientific and technical instruments company’s stock worth $847,000 after purchasing an additional 2,854 shares during the last quarter. Finally, Syon Capital LLC grew its holdings in shares of Allegion by 11.4% during the second quarter. Syon Capital LLC now owns 3,058 shares of the scientific and technical instruments company’s stock worth $430,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 92.21% of the company’s stock.

Allegion Stock Up 0.0%

Shares of NYSE:ALLE opened at $157.15 on Monday. Allegion PLC has a one year low of $125.00 and a one year high of $183.11. The company has a 50 day moving average of $152.80 and a 200-day moving average of $145.24. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.93 and a quick ratio of 1.23. The stock has a market cap of $13.36 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.20 and a beta of 0.83.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.18. Allegion had a net margin of 15.36% and a return on equity of 35.41%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $2.04 earnings per share. Allegion’s revenue for the quarter was up 12.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. On average, sell-side analysts forecast that Allegion PLC will post 8.92 earnings per share for the current year.

Allegion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.20 annualized dividend and a dividend yield of 1.4%. Allegion’s payout ratio is presently 28.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ALLE shares. Longbow Research raised Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a report on Thursday, June 11th. Weiss Ratings raised shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. Robert W. Baird set a $170.00 price objective on shares of Allegion in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Morgan Stanley decreased their price target on shares of Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Allegion presently has an average rating of “Hold” and an average price target of $164.75.

Insider Buying and Selling

In related news, SVP Vincent Wenos sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $168.25, for a total value of $168,250.00. Following the completion of the sale, the senior vice president owned 12,096 shares in the company, valued at approximately $2,035,152. This represents a 7.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Nickolas A. Musial sold 687 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $155.00, for a total value of $106,485.00. Following the completion of the transaction, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. The trade was a 9.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 11,288 shares of company stock worth $1,764,593 over the last 90 days. 0.64% of the stock is currently owned by corporate insiders.

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.