3,795 Shares in Allegion PLC $ALLE Bought by Peak Financial Advisors LLC

Peak Financial Advisors LLC purchased a new stake in Allegion PLC (NYSE:ALLE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,795 shares of the scientific and technical instruments company’s stock, valued at approximately $604,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Forvis Mazars Wealth Advisors LLC acquired a new position in shares of Allegion in the 3rd quarter worth approximately $2,838,000. Burney Co. acquired a new stake in shares of Allegion during the 3rd quarter valued at approximately $9,297,000. Fusion Capital LLC bought a new position in Allegion during the third quarter worth $4,406,000. Berkshire Hathaway Inc acquired a new position in Allegion in the second quarter worth $112,433,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Allegion by 5.1% in the third 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 purchasing an additional 113,821 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Allegion Price Performance

Shares of NYSE ALLE opened at $147.68 on Thursday. Allegion PLC has a 1-year low of $116.57 and a 1-year high of $183.11. 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’s fifty day moving average price is $160.79 and its two-hundred day moving average price is $165.27. The firm has a market capitalization of $12.72 billion, a PE ratio of 19.85, a P/E/G ratio of 3.15 and a beta of 1.03.

Allegion (NYSE:ALLE) last posted its 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). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.04 billion. Allegion had a net margin of 15.83% and a return on equity of 38.06%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts expect that Allegion PLC will post 7.77 EPS for the current year.

Allegion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Allegion’s previous quarterly dividend of $0.51. Allegion’s dividend payout ratio (DPR) is presently 29.57%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Allegion in a report on Wednesday, January 21st. Barclays decreased their price target on shares of 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 price objective on shares of Allegion from $190.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company reissued a “positive” rating on shares of Allegion in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $175.00.

Insider Activity

In other 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 sale, the director owned 4,915 shares of the company’s stock, valued at approximately $793,821.65. The trade was a 16.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of $149.61 per share, with a total value of $299,220.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at approximately $299,220. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.23% of the stock is currently owned by corporate 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.