Jackson Creek Investment Advisors LLC Buys Shares of 8,368 Allegion PLC $ALLE

Jackson Creek Investment Advisors LLC bought a new stake in Allegion PLC (NYSE:ALLE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,368 shares of the scientific and technical instruments company’s stock, valued at approximately $1,332,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Allstate Corp lifted its holdings in Allegion by 93.2% in the fourth quarter. Allstate Corp now owns 5,975 shares of the scientific and technical instruments company’s stock valued at $951,000 after acquiring an additional 2,883 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Allegion by 45.9% during the 4th quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after buying an additional 68 shares during the last quarter. Prospera Financial Services Inc acquired a new position in shares of Allegion during the 4th quarter worth $211,000. Beck Bode LLC raised its stake in shares of Allegion by 2.7% during the 4th quarter. Beck Bode LLC now owns 31,620 shares of the scientific and technical instruments company’s stock worth $5,035,000 after buying an additional 834 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in shares of Allegion by 11.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,507 shares of the scientific and technical instruments company’s stock worth $399,000 after buying an additional 266 shares during the last quarter. Institutional investors and hedge funds own 92.21% of the company’s stock.

Analyst Ratings Changes

ALLE has been the subject of several research reports. Wells Fargo & Company cut their price target on Allegion from $175.00 to $155.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 1st. Weiss Ratings downgraded Allegion from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Bank of America cut their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Evercore raised Allegion to a “strong-buy” rating in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $161.50.

Insider Activity

In other Allegion news, SVP Robert C. Martens sold 3,993 shares of Allegion stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value of $547,639.95. Following the completion of the sale, the senior vice president owned 8,570 shares in the company, valued at $1,175,375.50. The trade was a 31.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sue Main purchased 2,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was acquired at an average price of $149.61 per share, with a total value of $299,220.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at $299,220. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.64% of the stock is owned by insiders.

Allegion Stock Down 0.2%

ALLE opened at $131.34 on Thursday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.91 and a quick ratio of 1.19. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 2.73 and a beta of 0.89. The business has a 50-day moving average of $139.46 and a two-hundred day moving average of $154.54. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11.

Allegion (NYSE:ALLE) last posted its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.08). The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Allegion had a net margin of 15.24% and a return on equity of 35.41%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 EPS. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, research analysts expect that Allegion PLC will post 8.74 earnings per share for the current year.

Allegion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.55 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.7%. Allegion’s payout ratio is 30.05%.

Allegion declared that its board has authorized a stock repurchase plan on Tuesday, April 28th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the scientific and technical instruments company to repurchase up to 3.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.