Swiss Life Asset Management Ltd Raises Holdings in Allegion PLC $ALLE

Swiss Life Asset Management Ltd lifted its position in shares of Allegion PLC (NYSE:ALLE) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,138 shares of the scientific and technical instruments company’s stock after buying an additional 5,034 shares during the quarter. Swiss Life Asset Management Ltd owned approximately 0.07% of Allegion worth $11,198,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ALLE. Groupama Asset Managment purchased a new stake in Allegion in the third quarter worth about $1,055,000. CIBC Bancorp USA Inc. purchased a new position in Allegion during the 3rd quarter valued at about $2,102,000. Achmea Investment Management B.V. raised its holdings in shares of Allegion by 4.3% in the 3rd quarter. Achmea Investment Management B.V. now owns 109,196 shares of the scientific and technical instruments company’s stock valued at $19,366,000 after purchasing an additional 4,525 shares in the last quarter. WBI Investments LLC purchased a new stake in shares of Allegion in the 3rd quarter worth approximately $248,000. Finally, Coldstream Capital Management Inc. lifted its position in shares of Allegion by 30.9% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,241 shares of the scientific and technical instruments company’s stock worth $397,000 after purchasing an additional 529 shares during the period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

Shares of ALLE opened at $142.43 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.27 billion, a PE ratio of 19.14, a P/E/G ratio of 3.11 and a beta of 1.03. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $183.11. The stock has a fifty day moving average price of $161.74 and a 200-day moving average price of $165.80.

Allegion (NYSE:ALLE) last announced its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.94 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.07). Allegion had a return on equity of 38.06% and a net margin of 15.83%.The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. Equities research analysts predict that Allegion PLC will post 7.77 earnings per share for the current fiscal year.

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.5%. This is an increase from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. Allegion’s dividend payout ratio is currently 29.57%.

Insider Activity

In other Allegion news, Director Steven Mizell sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $161.51, for a total transaction of $161,510.00. Following the transaction, the director owned 4,915 shares in the company, valued at approximately $793,821.65. This represents a 16.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sue Main purchased 2,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $149.61 per share, for a total transaction of $299,220.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $299,220. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Barclays lowered their target price on Allegion from $180.00 to $176.00 and set an “equal weight” rating for the company in a report on Monday, February 23rd. JPMorgan Chase & Co. dropped their target price on Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company reiterated a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $175.00.

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.