Kepler Cheuvreux Suisse SA Acquires New Position in Allegion PLC $ALLE

Kepler Cheuvreux Suisse SA acquired a new position in shares of Allegion PLC (NYSE:ALLE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,404 shares of the scientific and technical instruments company’s stock, valued at approximately $2,732,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ALLE. Berkshire Hathaway Inc purchased a new position in shares of Allegion during the second quarter worth $112,433,000. Norges Bank purchased a new stake in shares of Allegion in the 2nd quarter valued at $109,862,000. Geode Capital Management LLC raised its holdings in shares of Allegion by 15.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,573,193 shares of the scientific and technical instruments company’s stock valued at $369,514,000 after buying an additional 339,025 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in Allegion by 114.4% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 349,856 shares of the scientific and technical instruments company’s stock worth $50,421,000 after acquiring an additional 186,706 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Allegion by 67.2% during the 3rd quarter. Barclays PLC now owns 431,741 shares of the scientific and technical instruments company’s stock valued at $76,569,000 after acquiring an additional 173,483 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Allegion news, Director Steven Mizell sold 1,000 shares of the business’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 completion of the transaction, the director owned 4,915 shares in the company, valued at $793,821.65. The trade was a 16.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.23% of the stock is owned by company insiders.

Allegion Trading Down 1.8%

ALLE opened at $147.56 on Wednesday. The business has a fifty day moving average price of $164.33 and a 200 day moving average price of $167.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.84 and a quick ratio of 1.16. Allegion PLC has a 12 month low of $116.57 and a 12 month high of $183.11. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 3.25 and a beta of 1.03.

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

Allegion Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $0.55 dividend. This is an increase from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Friday, March 13th. Allegion’s payout ratio is presently 27.42%.

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.