Prudential PLC Sells 4,466 Shares of Allegion PLC $ALLE

Prudential PLC lessened its holdings in Allegion PLC (NYSE:ALLE) by 56.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,441 shares of the scientific and technical instruments company’s stock after selling 4,466 shares during the quarter. Prudential PLC’s holdings in Allegion were worth $548,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. raised its position in Allegion by 120.9% during the third quarter. Hantz Financial Services Inc. now owns 148 shares of the scientific and technical instruments company’s stock worth $26,000 after acquiring an additional 81 shares in the last quarter. Pinnacle Bancorp Inc. raised its position in Allegion by 255.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock worth $25,000 after acquiring an additional 115 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Allegion during the third quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new stake in Allegion during the third quarter worth $36,000. Finally, CYBER HORNET ETFs LLC bought a new stake in Allegion during the second quarter worth $33,000. 92.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ALLE has been the topic of several analyst reports. 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 report on Friday, May 15th. Evercore upgraded shares of Allegion to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings downgraded shares of Allegion from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 29th. Barclays decreased their price objective on shares of Allegion from $165.00 to $161.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 29th. Finally, Robert W. Baird set a $165.00 price objective on shares of Allegion in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $160.38.

Allegion Price Performance

NYSE:ALLE opened at $127.57 on Tuesday. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.71 and a beta of 0.87. The firm’s 50-day simple moving average is $137.07 and its 200 day simple moving average is $152.59. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.19 and a current ratio of 1.91.

Allegion (NYSE:ALLE) last released its quarterly earnings results on Tuesday, April 28th. The scientific and technical instruments company reported $1.80 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.08). Allegion had a return on equity of 35.41% and a net margin of 15.24%.The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business posted $1.86 earnings per share. Allegion’s revenue was up 9.7% compared to the same quarter last year. Allegion has set its FY 2026 guidance at 8.700-8.900 EPS. As a group, sell-side analysts predict that Allegion PLC will post 8.73 earnings per share for the current year.

Allegion Dividend Announcement

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

Allegion announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 28th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the scientific and technical instruments company to purchase up to 3.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Allegion

In other news, Director Sue Main acquired 2,000 shares of Allegion stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $149.61 per share, for a total transaction of $299,220.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately $299,220. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Robert C. Martens sold 3,993 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $137.15, for a total transaction of $547,639.95. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.64% of the company’s stock.

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.