Wealth Enhancement Advisory Services LLC Sells 35,655 Shares of Allegion PLC $ALLE

Wealth Enhancement Advisory Services LLC trimmed its position in Allegion PLC (NYSE:ALLE) by 47.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,412 shares of the scientific and technical instruments company’s stock after selling 35,655 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Allegion were worth $6,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Boston Partners boosted its stake in Allegion by 1.0% in the 3rd quarter. Boston Partners now owns 4,746,454 shares of the scientific and technical instruments company’s stock worth $842,026,000 after purchasing an additional 48,199 shares in the last quarter. State Street Corp raised its holdings in shares of Allegion by 6.6% in the third quarter. State Street Corp now owns 4,232,208 shares of the scientific and technical instruments company’s stock worth $750,584,000 after buying an additional 260,973 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 buying an additional 113,821 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Allegion by 4.5% during the third quarter. Northern Trust Corp now owns 1,210,063 shares of the scientific and technical instruments company’s stock worth $214,605,000 after buying an additional 52,612 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Allegion by 7.7% during the third 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 period. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Allegion Stock Down 0.9%

Allegion stock opened at $144.50 on Friday. The business’s 50-day moving average price is $160.02 and its 200 day moving average price is $164.90. The company has a quick ratio of 1.16, a current ratio of 1.84 and a debt-to-equity ratio of 0.96. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 3.13 and a beta of 1.03. Allegion PLC has a 52 week low of $116.57 and a 52 week high of $183.11.

Allegion (NYSE:ALLE) last announced 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). 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%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts anticipate that Allegion PLC will post 7.77 earnings per share for the current 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 given a dividend of $0.55 per share. This is a boost from Allegion’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, March 13th. Allegion’s dividend payout ratio (DPR) is 29.57%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Allegion

In other Allegion news, Director Sue Main bought 2,000 shares of Allegion stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of $149.61 per share, with a total value of $299,220.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at $299,220. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven Mizell sold 1,000 shares of the company’s stock in a transaction 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 directly owned 4,915 shares of the company’s stock, valued at $793,821.65. The trade was a 16.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.23% of the stock is currently owned by company insiders.

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.