Kingsview Wealth Management LLC Buys Shares of 17,795 Allegion PLC $ALLE

Kingsview Wealth Management LLC bought a new stake in Allegion PLC (NYSE:ALLE) in the 4th quarter, HoldingsChannel reports. The fund bought 17,795 shares of the scientific and technical instruments company’s stock, valued at approximately $2,833,000.

Several other institutional investors also recently bought and sold shares of ALLE. Millennium Management LLC boosted its stake in Allegion by 817.1% in the third quarter. Millennium Management LLC now owns 308,430 shares of the scientific and technical instruments company’s stock valued at $54,700,000 after acquiring an additional 274,800 shares in the last quarter. State Street Corp boosted its stake in 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 valued at $750,584,000 after acquiring an additional 260,973 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Allegion by 10.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,593,117 shares of the scientific and technical instruments company’s stock valued at $412,876,000 after acquiring an additional 236,248 shares in the last quarter. Caisse de depot et placement du Quebec boosted its stake in Allegion by 188.2% in the third quarter. Caisse de depot et placement du Quebec now owns 289,761 shares of the scientific and technical instruments company’s stock valued at $51,389,000 after acquiring an additional 189,236 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Allegion by 2,028.5% in the fourth quarter. SG Americas Securities LLC now owns 193,651 shares of the scientific and technical instruments company’s stock valued at $30,833,000 after acquiring an additional 184,553 shares in the last quarter. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Allegion Trading Down 0.8%

NYSE:ALLE opened at $130.33 on Friday. Allegion PLC has a 12 month low of $125.00 and a 12 month high of $183.11. The firm has a fifty day simple moving average of $138.89 and a 200-day simple moving average of $154.12. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $11.20 billion, a P/E ratio of 17.81, a PEG ratio of 2.70 and a beta of 0.89.

Allegion (NYSE:ALLE) last posted its quarterly earnings data 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). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. On average, equities research analysts anticipate that Allegion PLC will post 8.74 earnings per share for the current year.

Allegion declared that its Board of Directors has initiated a stock buyback program on Tuesday, April 28th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the scientific and technical instruments company to reacquire up to 3.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Allegion Dividend Announcement

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

Insider Buying and Selling at Allegion

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

Analyst Ratings Changes

Several brokerages have weighed in on ALLE. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday. Bank of America lowered their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down from $170.00) on shares of Allegion in a research note on Friday, May 15th. Robert W. Baird set a $165.00 price objective on shares of Allegion in a research note on Wednesday, April 29th. Finally, Barclays lowered their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $161.50.

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.