Groupama Asset Managment Decreases Stock Holdings in Allegion PLC $ALLE

Groupama Asset Managment trimmed its position in shares of Allegion PLC (NYSE:ALLE) by 59.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,227 shares of the scientific and technical instruments company’s stock after selling 3,250 shares during the quarter. Groupama Asset Managment’s holdings in Allegion were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in Allegion by 255.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 160 shares of the scientific and technical instruments company’s stock valued at $25,000 after purchasing an additional 115 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Allegion in the 3rd quarter worth approximately $36,000. Hantz Financial Services Inc. grew its position in shares of Allegion by 45.9% in 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. Bard Associates Inc. bought a new stake in shares of Allegion in the 4th quarter worth approximately $35,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Allegion during the second quarter valued at approximately $33,000. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on ALLE shares. Weiss Ratings lowered Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective on shares of Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Robert W. Baird set a $170.00 target price on shares of Allegion in a research report on Friday, July 24th. Bank of America cut their target price on shares of Allegion from $185.00 to $157.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Longbow Research upgraded shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price target on the stock in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $164.75.

Insider Buying and Selling at Allegion

In related news, SVP Timothy P. Eckersley sold 6,417 shares of Allegion stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $157.26, for a total transaction of $1,009,137.42. Following the completion of the transaction, the senior vice president directly owned 29,919 shares of the company’s stock, valued at $4,705,061.94. This trade represents a 17.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Michael J. Wagnes sold 3,184 shares of the business’s stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $150.98, for a total transaction of $480,720.32. Following the sale, the chief financial officer directly owned 31,299 shares in the company, valued at $4,725,523.02. The trade was a 9.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,281 shares of company stock valued at $2,143,983. Insiders own 0.64% of the company’s stock.

Allegion Price Performance

Shares of ALLE stock opened at $157.66 on Monday. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 3.20 and a beta of 0.85. The business’s fifty day moving average is $137.75 and its 200 day moving average is $146.59. Allegion PLC has a twelve month low of $125.00 and a twelve month high of $183.11. The company has a quick ratio of 1.23, a current ratio of 1.93 and a debt-to-equity ratio of 0.96.

Allegion (NYSE:ALLE) last announced its quarterly earnings data on Thursday, July 23rd. The scientific and technical instruments company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.22 by $0.18. Allegion had a return on equity of 35.41% and a net margin of 15.36%.The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $2.04 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Allegion has set its FY 2026 guidance at 8.850-9.000 EPS. Research analysts expect that Allegion PLC will post 8.92 EPS for the current fiscal year.

Allegion declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the scientific and technical instruments company to reacquire up to 3.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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.