Quantbot Technologies LP Buys Shares of 37,963 Allegion PLC $ALLE

Quantbot Technologies LP purchased a new position in shares of Allegion PLC (NYSE:ALLE) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 37,963 shares of the scientific and technical instruments company’s stock, valued at approximately $6,733,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ALLE. State Street Corp boosted its holdings in Allegion by 0.8% during the second quarter. State Street Corp now owns 3,971,235 shares of the scientific and technical instruments company’s stock worth $572,336,000 after purchasing an additional 31,322 shares during the last quarter. Geode Capital Management LLC lifted its position in Allegion by 15.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock worth $369,514,000 after buying an additional 339,025 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Allegion by 5.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,356,869 shares of the scientific and technical instruments company’s stock worth $417,991,000 after buying an additional 113,821 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Allegion by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 942,212 shares of the scientific and technical instruments company’s stock worth $167,104,000 after buying an additional 67,074 shares during the last quarter. Finally, Berkshire Hathaway Inc bought a new position in shares of Allegion in the 2nd quarter valued at about $112,433,000. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Up 0.3%

Shares of Allegion stock opened at $160.91 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16. The business has a fifty day simple moving average of $165.29 and a two-hundred day simple moving average of $167.91. Allegion PLC has a 1 year low of $116.57 and a 1 year high of $183.11. The company has a market capitalization of $13.86 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 3.49 and a beta of 1.03.

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

Allegion Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.4%. This is a boost from Allegion’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, March 13th. Allegion’s dividend payout ratio (DPR) is 27.42%.

Insider Activity

In related news, Director Steven Mizell sold 1,000 shares of Allegion stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $161.51, for a total transaction of $161,510.00. Following the completion of the sale, the director directly owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.23% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.