Goodman Advisory Group LLC Acquires New Position in Allegion PLC $ALLE

Goodman Advisory Group LLC acquired a new stake in Allegion PLC (NYSE:ALLE) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 15,935 shares of the scientific and technical instruments company’s stock, valued at approximately $2,315,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. boosted its stake in shares of 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 buying an additional 115 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of Allegion in the second quarter worth $33,000. Hantz Financial Services Inc. increased its stake in shares of Allegion by 45.9% in 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 last quarter. Bard Associates Inc. purchased a new stake in shares of Allegion during the fourth quarter worth $35,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Allegion during the third quarter worth $36,000. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Insider Activity at Allegion

In related news, SVP Robert C. Martens sold 3,993 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $137.15, for a total value 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.64% of the company’s stock.

Allegion Stock Up 2.1%

ALLE stock opened at $139.94 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.19 and a debt-to-equity ratio of 0.97. Allegion PLC has a 1 year low of $125.00 and a 1 year high of $183.11. The company has a fifty day simple moving average of $134.18 and a 200 day simple moving average of $149.72. The firm has a market cap of $12.03 billion, a PE ratio of 19.12, a PEG ratio of 2.91 and a beta of 0.86.

Allegion (NYSE:ALLE) last posted its earnings results 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $1.86 earnings per share. The company’s quarterly 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. Sell-side analysts anticipate that Allegion PLC will post 8.73 EPS for the current fiscal year.

Allegion announced that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Allegion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, June 15th. Allegion’s dividend payout ratio is 30.05%.

Analyst Ratings Changes

ALLE has been the topic of a number of recent research reports. Wells Fargo & Company lowered their target price on Allegion from $175.00 to $155.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. Bank of America cut their price target on Allegion from $185.00 to $157.00 and set a “neutral” rating for the company in a research note on Monday, April 20th. Evercore upgraded Allegion to a “strong-buy” rating in a report on Monday, April 13th. Weiss Ratings cut Allegion from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Finally, Morgan Stanley lowered 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $160.89.

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.