Squarepoint Ops LLC Sells 181,013 Shares of Allegion PLC $ALLE

Squarepoint Ops LLC reduced its position in Allegion PLC (NYSE:ALLE) by 64.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 99,369 shares of the scientific and technical instruments company’s stock after selling 181,013 shares during the period. Squarepoint Ops LLC’s holdings in Allegion were worth $13,960,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Continuum Advisory LLC bought a new position in Allegion in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC boosted its position in shares of Allegion by 1,666.7% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock valued at $30,000 after acquiring an additional 200 shares during the period. CYBER HORNET ETFs LLC bought a new stake in Allegion during the 2nd quarter worth approximately $33,000. Hantz Financial Services Inc. lifted its stake in Allegion by 45.9% in the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after purchasing an additional 68 shares in the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Allegion during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Performance

NYSE:ALLE opened at $151.93 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11. The firm has a market cap of $12.92 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 3.17 and a beta of 0.83. The business has a 50 day moving average price of $153.70 and a 200-day moving average price of $145.09.

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

Allegion Announces Dividend

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

Analyst Upgrades and Downgrades

ALLE has been the topic of a number of recent analyst reports. Robert W. Baird set a $170.00 price objective on Allegion in a research report on Friday, July 24th. Weiss Ratings upgraded Allegion from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Thursday, June 11th. Finally, Morgan Stanley dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Allegion has an average rating of “Hold” and an average price target of $164.75.

Insider Activity at Allegion

In other news, CFO Michael J. Wagnes sold 3,184 shares of Allegion stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total value of $480,720.32. Following the sale, the chief financial officer directly owned 31,299 shares in the company, valued at approximately $4,725,523.02. This trade represents a 9.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Timothy Eckersley sold 6,417 shares of the business’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $157.26, for a total value 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 trade represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,288 shares of company stock worth $1,764,593 over the last 90 days. 0.64% of the stock is owned by insiders.

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.