Wellington Management Group LLP Buys 323,218 Shares of Allegion PLC $ALLE

Wellington Management Group LLP increased its stake in shares of Allegion PLC (NYSE:ALLE) by 964.6% in the second quarter, Holdings Channel reports. The firm owned 356,725 shares of the scientific and technical instruments company’s stock after buying an additional 323,218 shares during the quarter. Wellington Management Group LLP’s holdings in Allegion were worth $50,116,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ALLE. Caitong International Asset Management Co. Ltd bought a new position in Allegion during the third quarter worth about $36,000. Elevation Wealth Partners LLC increased its stake in Allegion by 1,666.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the scientific and technical instruments company’s stock worth $30,000 after purchasing an additional 200 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Allegion by 45.9% during the fourth quarter. Hantz Financial Services Inc. now owns 216 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 68 shares during the period. Bard Associates Inc. acquired a new stake in shares of Allegion in the 4th quarter valued at about $35,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Allegion in the 2nd quarter valued at about $33,000. Institutional investors and hedge funds own 92.21% of the company’s stock.

Insider Transactions at Allegion

In other Allegion news, SVP Vincent Wenos sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $168.25, for a total value of $168,250.00. Following the transaction, the senior vice president directly owned 12,096 shares of the company’s stock, valued at $2,035,152. This trade represents a 7.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael J. Wagnes sold 3,184 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $150.98, for a total transaction of $480,720.32. Following the completion of the transaction, the chief financial officer owned 31,299 shares of the company’s stock, valued at $4,725,523.02. The trade was a 9.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 11,288 shares of company stock worth $1,764,593. Corporate insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALLE. Morgan Stanley reduced their price objective on Allegion from $165.00 to $142.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. boosted their target price on Allegion from $150.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Robert W. Baird set a $170.00 price target on shares of Allegion in a research note on Friday, July 24th. Longbow Research raised shares of Allegion from a “neutral” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Allegion from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Allegion currently has a consensus rating of “Hold” and an average price target of $164.75.

Allegion Trading Up 0.3%

Allegion stock opened at $155.52 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.23 and a current ratio of 1.93. The stock has a 50-day simple moving average of $152.45 and a 200 day simple moving average of $145.39. Allegion PLC has a 52 week low of $125.00 and a 52 week high of $183.11. The stock has a market capitalization of $13.23 billion, a P/E ratio of 20.41, a PEG ratio of 3.15 and a beta of 0.83.

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

Allegion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 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 1.4%. The ex-dividend date is Tuesday, September 15th. Allegion’s dividend payout ratio (DPR) is 28.87%.

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.