Public Employees Retirement System of Ohio Invests $3.70 Million in Allegion PLC $ALLE

Public Employees Retirement System of Ohio acquired a new stake in Allegion PLC (NYSE:ALLE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 26,365 shares of the scientific and technical instruments company’s stock, valued at approximately $3,704,000.

A number of other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its position in shares of Allegion by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,817 shares of the scientific and technical instruments company’s stock valued at $1,563,000 after buying an additional 59 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in Allegion by 2.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 2,308 shares of the scientific and technical instruments company’s stock valued at $380,000 after acquiring an additional 60 shares in the last quarter. D.A. Davidson & CO. increased its holdings in Allegion by 4.1% during the 4th quarter. D.A. Davidson & CO. now owns 1,612 shares of the scientific and technical instruments company’s stock valued at $257,000 after acquiring an additional 63 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Allegion by 45.9% in the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock valued at $34,000 after purchasing an additional 68 shares during the last quarter. Finally, LRI Investments LLC grew its position in shares of Allegion by 10.0% in the fourth quarter. LRI Investments LLC now owns 793 shares of the scientific and technical instruments company’s stock valued at $126,000 after purchasing an additional 72 shares during the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ALLE has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Allegion from $150.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Weiss Ratings raised Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. 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. Morgan Stanley decreased their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Robert W. Baird set a $170.00 price objective on Allegion in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Allegion presently has a consensus rating of “Hold” and a consensus target price of $164.75.

Allegion Trading Up 0.3%

Shares of ALLE opened at $155.52 on Friday. The stock has a fifty day moving average of $152.45 and a two-hundred day moving average of $145.39. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The company has a market capitalization of $13.23 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 3.15 and a beta of 0.83. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

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

Allegion Announces Dividend

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

Insider Activity at Allegion

In other news, SVP Timothy P. Eckersley sold 6,417 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the transaction, the senior vice president directly owned 29,919 shares in the company, valued at $4,705,061.94. This represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Nickolas Musial sold 687 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $155.00, for a total transaction of $106,485.00. Following the completion of the sale, the chief accounting officer directly owned 6,798 shares in the company, valued at $1,053,690. This represents a 9.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 11,288 shares of company stock worth $1,764,593. Corporate insiders own 0.64% of the company’s stock.

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.