Intech Investment Management LLC Sells 7,323 Shares of Allegion PLC $ALLE

Intech Investment Management LLC cut its position in Allegion PLC (NYSE:ALLE) by 67.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,496 shares of the scientific and technical instruments company’s stock after selling 7,323 shares during the quarter. Intech Investment Management LLC’s holdings in Allegion were worth $557,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. IFG Advisory LLC boosted its stake in Allegion by 45.8% in the 4th quarter. IFG Advisory LLC now owns 16,612 shares of the scientific and technical instruments company’s stock valued at $2,645,000 after purchasing an additional 5,222 shares during the period. Kingsview Wealth Management LLC bought a new stake in Allegion in the 4th quarter valued at $2,833,000. Geode Capital Management LLC boosted its stake in Allegion by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 2,693,831 shares of the scientific and technical instruments company’s stock valued at $427,521,000 after purchasing an additional 13,880 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in Allegion in the 4th quarter valued at $1,332,000. Finally, Allstate Corp boosted its stake in Allegion by 93.2% in the 4th quarter. Allstate Corp now owns 5,975 shares of the scientific and technical instruments company’s stock valued at $951,000 after purchasing an additional 2,883 shares during the period. 92.21% of the stock is currently owned by institutional investors.

Allegion Price Performance

Shares of NYSE ALLE opened at $131.06 on Wednesday. The stock has a market capitalization of $11.26 billion, a PE ratio of 17.90, a P/E/G ratio of 2.65 and a beta of 0.86. 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 business has a fifty day moving average price of $136.80 and a two-hundred day moving average price of $152.38. Allegion PLC has a fifty-two week low of $125.00 and a fifty-two week high of $183.11.

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

Allegion declared that its board has approved a share repurchase 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 buy up to 3.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Allegion Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, June 15th. This represents a $2.20 annualized dividend and a yield of 1.7%. Allegion’s payout ratio is currently 30.05%.

Insider Activity at Allegion

In other news, SVP Robert C. Martens sold 3,993 shares of the business’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 completion of the transaction, the senior vice president owned 8,570 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ALLE. Wells Fargo & Company reduced 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. Morgan Stanley reduced their price target on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 3rd. Bank of America dropped their price objective on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a report on Monday, April 20th. Robert W. Baird set a $165.00 price objective on Allegion in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $170.00) on shares of Allegion in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Allegion currently has a consensus rating of “Hold” and an average target price of $160.38.

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.